Cardamom prices gained marginally last week on decline in arrivals at auctions held in Kerala and Tamil Nadu.

During the first round of picking the arrivals soared but ever since the second round began the volume has shown a slip, market sources said.

“It appears that the second round of harvesting is not as good as the first one,” PC Punnoose, General Manager, CPMC told BusinessLine.

The frequent change in climate has become a matter of concern in the markets. They apprehend that if the present trend in the weather conditions prevailed the late crop might witness a fall, he said. As a result, all have resorted to active buying and that in turn has aided the prices to recover, he said.

Exporters continued to cover good volumes and last week they have bought an estimated 100 tonnes. Short supply last year had pushed up the prices with the average price touching ₹840/kg, whereas, it was at around ₹645 last week.

The individual auction average vacillated between ₹620 and ₹660 a kg.

Of the current arrivals, 8mm and 7mm capsules constituted 30 per cent each. Hence, bulk capsules were fetching ₹680-700 a kg.

The total arrivals today at CPA auction in Bodi were at 51.1 tonnes. The maximum price was at ₹886 while the auction average moved up to ₹631.78 from ₹604.80 a kg the previous Monday.

Total arrivals during the season up to August 29 stood at 2,730 tonnes (1,144 tonnes). Sales were at 2,693 tonnes and 1,114 tonnes respectively.

The auction average as on August 29 was at ₹647.49 (₹840) a kg.

Prices of graded varieties (₹/kg): 8mm bold good colour 880-920; 7-8 mm 720-750; 6-7 mm 610-630; below 6 mm: 580-600.

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