EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 26 MAY 2017

Cardamom trading range for the day is 980.5-998.5.Cardamom gained on short covering after prices dropped ahead of fresh harvesting of the new season crop. Buyers are anticipating arrival of the new crop by the middle of June following good rains in the cardamom growing tracts.Quality of the cardamom arriving at present is inferior and that phenomenon is also aiding the price fall.Cardamom prices in spot market dropped by 12.00 rupees and settled at 1150.00 rupees.

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