EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 01 DECEMBER 2017

Cardamom trading range for the day is 906.8-977.2. Cardamom gained on short covering after spruces dropped as supply outstripped demand at auctions in Kerala and Tamil Nadu. Anticipation of a comparatively good crop due to favourable weather conditions coupled with a likely decline in the prices has slowed buying.A liquidity crunch and severe labour shortage are adding to the problem. Cardamom prices in spot market gained by 5.30 rupees and settled at 994.20 rupees.

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