Thursday, March 16, 2017

  • Cardamom trading range for the day is 1374.3-1410.3.
  • Cardamom gained on late short covering after prices dropped due to weak demand and report of availability of Guatemala cardamom.
  • At present demand from stockists is poor because of year-end consideration though stocks are tight with them.
  • Poor South West and North East monsoon is likely to impact adversely on the production of cardamom for the coming season as well.
  • Cardamom prices in spot market dropped by 5.00 rupees and settled at 1430.40 rupees.
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