EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 31 JULY 2017

Cardamom trading range for the day is 1124.3-1161.9. Cardamom settled down 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 15.00 rupees and settled at 1187.90 rupees.

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