EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 15 MAY 2017

Cardamom trading range for the day is 1035.3-1073.9.Cardamom gains on squeezed supply amid good buying interest at the auctions held in Kerala and Tamil Nadu. Demand continued to remain stable with both upcountry dealers and exporters covering albeit not aggressively.The production and export of cardamom, has been increasing over the past three years. Cardamom prices in spot market dropped by 9.30 rupees and settled at 1239.20 rupees.

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