Thursday, February 9, 2017

Cardamom trading range for the day is 1483.1-1540.1. Cardamom dropped on profit booking after prices seen supported due to a squeeze in supplies.  Arrivals continued to show a declining trend as the harvesting season was almost over and this phenomenon could be attributed to the current rise in prices. The protracted dry spell with high temperatures at this time of the season in Kerala’s Idukki district, is responsible for the fall in supply. Cardamom prices in spot market dropped by 1.60 rupees and settled at 1484.20 rupees. 
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