EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 29 JUNE 2017

Cardamom trading range for the day is 995.2-1065. Cardamom gains on short covering after prices dropped amid favorable weather conditions and hopes of early commencement of new crop supplies from Kerala.Though export demand is over, local buying is there as stocks in consuming markets have exhausted.India exported 3,850 ton cardamom during 2016-17 down 30% on year due to high prices. Cardamom prices in spot market dropped by 1.50 rupees and settled at 1143.50 rupees.

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