EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 12 MAY 2017

Cardamom trading range for the day is 1030.1-1050.1. Cardamom prices dropped as pressure seen due to good pre monsoon showers in cardamom growing regions. Further, there are expectations of early commencement of harvesting activities that may weigh down the prices. However downside seen limited amid expectations of good export demand from Saudi Arabia ahead of Ramzaan. Cardamom prices in spot market dropped by 37.20 rupees and settled at 1248.50 rupees. 852-611.

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