HARISH .G

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HARISH .G KARVY COMTRADE LTD
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AGENDA

• INTRODUCTION
• AGRONOMICAL FEATURES
• SEASONALITY
• DEMAND AND SUPPLY ANALYSIS
• PRICE ANALYSIS
• ARRIVAL PATTERN
• FACTORS TO WATCH OUT
• PRICE TARGET

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INTRODUCTION

• Queen of Spices - Ginger family Zingiberaceae
• Expensive spice after Vanilla and Saffron
• Three typical kinds - Malabar, Mysore and Ceylon
  
• Native of India, Sri Lanka and parts of
  Southeast Asia
• Called as a Versatile Spice - Usage in both
  sweet and salty foods
• Auyervedic medicine preparations

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AGRONOMICAL FEATURES AND SEASONALITY

• Conditions of the evergreen forests in the
  Western Ghats.
• Canopy of lofty, evergreen forest trees
• Highly sensitive to wind and drought
• Seasonality
• Crop Perennial
• Yield Starts from second year of planting
• Harvesting - August to January

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WORLD SCENARIO

• World production of cardamom is estimated at
  30000 MT
• Major producer is Guatemala - An average annual
  production of 18000 to 20000 MT
• India - second largest producer - An average
  production of 11000 to 12000 MT
• Indian cardamom - Superior quality
• About 60 of the world production is exported to
  Arab (South West Asia, North Africa) countries

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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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DEMAND AND SUPPLY ANALYSIS
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PRICE ANALYSIS
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PRICE ANALYSIS
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PRICE ANALYSIS
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ARRIVAL PATTERN
Harvesting (Picking) pattern in
cardamom Arrivals mainly depends on percentage
of picking in the growing regions August to
September 25 to 30 September to October
30 to 35 October to November 20 to
25 December to January 10
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WORD OF MOUTH

• Factors supporting the price rally
• This year there is a gap of around 40 to 45 days
  in harvesting due to dropping (because of rain
  and wind)
• Production is estimated to be lower by 17 this
  season
• Increasing export orders from West Asia
• Spurt in domestic demand due to upcoming
  festivals
• Poor quality crop in Guatemala which is the
  major competitor for Indian cardamom in overseas
  market.

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TECHNICAL OUTLOOK
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PRICE TARGET
Short term The bearish trend would continue in
the short term as it has broken the 50
retracement (support) of 260-667 move. The next
support is seen around 400-420 levels. Medium
term Prices are expected to take support around
400 levels and fresh buying can be seen which may
push the prices towards t 520-550 then 650 levels.
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FACTORS TO BE TAKEN CARE OF
If rain occurs during October and November in
KERALA we can see fall in the prices as rain will
boost the production of cardamom.
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THANK YOU