Tuesday, 30 May 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 30 MAY 2017

Cardamom trading range for the day is 907.7-956.7.Cardamom dropped due to reduced buying in view of favorable weather in producing centres and hope of timely onset of monsoon. The current weather will not only push up the output but arrivals may also commence by Mid June putting pressure on prices.Buyers are expecting arrivals of new crop to commence from mid June following good rains across the cardamom growing belts.Cardamom prices in spot market dropped by 0.90 rupees and settled at 1141.30 rupees.

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