Monday, 30 October 2017

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 30 OCTOBER 2017

Cardamom trading range for the day is 1002-1022.8.Cardamom settled up on short covering after prices dropped amid good arrivals in the auctions at Kerala and Tamil Nadu. The prolonged south-west monsoon has helped raise the cardamom output in the country causing prices to drop by 25 per cent in October. With prices declining this month, exporters are picking up more quantity for exports. Cardamom prices in spot market dropped by 10.00 rupees and settled at 1045.00 rupees.

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