Wednesday, March 16, 2016

EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 16 MARCH 2016

Cardamom trading range for the day is 666.1-728.9.
Cardamom prices ended with gains on account of good buying support from both exporters and upcountry buyers.
Arrivals remained week in the auction centres cardamom prices sought lower levels due to poor quality due to last spell of picking.
Commencement of new crop supplies in Guatemala has reduced the demand of Indian cardamom in the gulf markets.
Cardamom prices in spot market dropped by 8.10 rupees and settled at 685.50 rupees.

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