Thursday, October 25, 2018

EPIC RESEARCH NCDEX UPDATE OF CARDAMOM 25 OCTOBER 2018


  • Cardamom trading range for the day is 1403.8-1439.8.
  • Cardamom dropped on profit booking after prices gained 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 dropped by 14.60 rupees and settled at 1327.70 rupees.

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