Monday, 7 November 2016

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 07 Nov 2016

Cardamom trading range for the day is 1306.5-1365.9. Cardamom settled up on short covering after prices seen some pressure amid a fall in physical demand. India’s Production is likely to fall by 30-40% in 2016-17 due to unfavourable weather conditions. Prolonged dry weather occurred in the Idukki district, which has severely affected yield of the crop, which was in the flowering stage at that point of time. Cardamom prices in spot market gained by 3.70 rupees and settled at 1217.90 rupees.
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