EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 12 JULY 2017

Cardamom trading range for the day is 1009-1051.Cardamom prices dropped as pressure seen after new crop supply hit the market. Arrivals of the new cardamom crop from Idukki and Munnar in Kerala have begun in significant quantity almost a month earlier than normal. Good rains in Kerala in Apr-May have pushed the harvest of the new crop early this year. Cardamom prices in spot market gained by 2.50 rupees and settled at 1130.00 rupees.

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