EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 04 DECEMBER 2017

Cardamom trading range for the day is 943.2-987.6. 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 9.10 rupees and settled at 1003.30 rupees.

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