Thursday, 11 May 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 11 MAY 2017

Cardamom trading range for the day is 1035.4-1063.4. Cardamom dropped ahead of fresh harvesting of the new season crop weighed on prices. Further, good summer showers in Idukki district of Kerala, from where more than 70 per cent of India’s cardamom crop comes. Sources expects higher Cardamom production current year due to favourable weather condition in major growing region. Cardamom prices in spot market dropped by 13.70 rupees and settled at 1285.70 rupees.

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