Wednesday, October 03, 2018

EPIC RESEARCH NCDEX UPDATE OF REF CARDAMOM 3 OCTOBER 2018


  • Cardamom trading range for the day is 1353.4-1417.4
  • Cardamom dropped on profit booking after prices gained because of 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 14.40 rupees and settled at 1345.60 rupees. 

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