EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 11 AUGUST 2017

Cardamom trading range for the day is 1076.6-1136.2. Cardamom gained amid lower than expected output due to weak rains in major producing areas of Kerala and Tamil Nadu. Arrivals are below expectation and whatever quantity is coming to market is absorbed. Rainfall in Kerala stood 32% below normal and in Karnataka 26% below normal, IMD data showed. Cardamom prices in spot market gained by 2.90 rupees and settled at 1190.40 rupees.



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