Cardamom to rally on robust demand

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Spot Jeera, Turmeric and Coriander markets were closed today for ongoing Diwali festival holidays and will resume trading tomorrow.

Black Pepper prices have been trading steady to lower at the major benchmark markets of India amid subdued demand.

Availability of imported material in the domestic markets coupled with reports of sharp fall in Vietnam prices claimed to have influenced the markets in India.

The Cardamom market is likely to rally higher due to robust demand and lower production. India’s Production is likely to fall by 30-40% in 2016-17 due to unfavorable weather conditions.

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