EPIC RESEARCH NCDEX CARDAMOM UPDATE OF 20 JANUARY 2017

Cardamom trading range for the day is 1537.2-1576.2. Cardamom prices gained due to tight stocks amid sustained demand from exporters. Cardamom prices are expected to trade higher during the coming week tracking expected fall in arrivals and concern over standing crop. Arrivals last week decreased to 286 tonnes from 447 tonnes the week before. Cardamom prices in spot market dropped by 6.90 rupees and settled at 1466.40 rupees.

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