Wednesday, October 24, 2018

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 24 OCTOBER 2018


  • Cardamom trading range for the day is 1396.7-1464.7.
  • Cardamom dropped on profit booking after prices rose amid heavy loses to crop due to recent floods and good export hopes.
  • Despite last year’s record exports, exports in the current year are likely to be affected due to strict measures by Saudi Arabia due to pesticide issue.
  • Around 25 tn of new arrivals are coming at auctions daily, which is 25-30% of the total arrivals.
  • Cardamom prices in spot market gained by 10.30 rupees and settled at 1342.30 rupees.

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