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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 04 JANUARY 2018

Cardamom trading range for the day is 1114.4-1150.2. Cardamom dropped on late profit booking after prices gained on strong demand at auctions held in Kerala and Tamil Nadu. The government has placed an order for 90 tonnes of cardamom for distributing to BPL category ration card holders in the State through PDS. The inventories in the north Indian markets are also reportedly empty and hence upcountry dealers were actively covering.Cardamom prices in spot market dropped by 7.50 rupees and settled at 1047.50 rupees.

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EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 04 JANUARY 2018

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