EPIC RESEARCH MCX Cardamom UPDATE OF 24 August 2018

Cardamom trading range for the day is 1296.1-1360.1.

Cardamom dropped on profit booking after prices gained as there are fears of damage to standing crops and delay in new crop supplies.

Stockists did not make buying on hopes of higher output and early commencement of new crop supplies.

Heavy monsoon rainfall that has caused damage to plantation thereby resulting in crop loss and downward revision of earlier made higher crop estimates.

Cardamom prices in spot market dropped by 12.00 rupees and settled at 1278.00 rupees.

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