Monday, 7 August 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 07 AUGUST 2017

Cardamom trading range for the day is 1075.1-1158.7. 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. Arrivals of the new crop have started and more than 50% of the produce at auctions is from the fresh supply. Cardamom prices in spot market dropped by 6.10 rupees and settled at 1193.90 rupees.

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