Thursday, March 17, 2016

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 17 MARCH 2016


Cardamom trading range for the day is 689.4-749.
Cardamom rallied on account of good buying support from both exporters and upcountry buyers and also on hopes of improved export demand.
Arrivals remained week in the auction centres cardamom prices sought lower levels due to poor quality due to last spell of picking.
Cardamom output is estimated over 30,000 tons as against earlier projection of 22,000 tons.
Cardamom prices in spot market gained by 7.80 rupees and settled at 693.30 rupees.  

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