Wednesday, 31 May 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 31 MAY 2017

Cardamom trading range for the day is 895-967.Cardamom gains on short covering after prices dropped driven by easing demand in the spot market against adequate stocks position.Expectations of timely onset on monsoon and projection of good rains during the ensuing 4 month long monsoon season also impacted sentiment.Sources expects higher Cardamom production current year due to favourable weather condition in major growing regionCardamom prices in spot market dropped by 5.70 rupees and settled at 1135.60 rupees.

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