EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 23 MAY 2017

Cardamom trading range for the day is 992.7-1014.7. Cardamom dropped as prices remained under pressure due to favourable weather conditions in the main producing state-Kerala. In the current weather conditions, we are expecting higher output than this year. Hopes of early commencement of new crop produce also discouraged stockists to enter into fresh new deals. Cardamom prices in spot market gained by 2.60 rupees and settled at 1174.30 rupees.



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