EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 12 JUNE 2017

Cardamom trading range for the day is 955.7-1004.7.Cardamom prices dropped on profit booking after gaining following heavy rainfall in Idukki district of Kerala in the last week of May.Heavy rain may affect production of cardamom crop, which is ready to harvest, in the second half of June.Cardamom arrivals for auction increased by 26.7% on a month-on-month basis to 1836 tonnes in May.Cardamom prices in spot market dropped by 16.70 rupees and settled at 1161.10 rupees.

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