Comments
Cardamom prices remained nearly steady on matching demand and supply at last week’s auctions held in Kerala and Tamil Nadu.
Arrivals showed a decline because of Christmas holidays, which was also attributed to the steady market, trade sources said. Exporters were buying as the prices of exportable grade material continued to stay at affordable levels, they said. They were reported to have bought an estimated 70-80 tonnes of cardamom last week.
Arrivals last week slipped to 703 tonnes against 718 tonnes the previous week.
The individual auction average last week remained steady and was vacillating between ₹550 and ₹608 a kg. At today’s Cardamom Planters’ Association (CPA) auction in Bodinayakannur, arrivals increased to 59.4 tonnes from 50.6 tonnes the previous Monday and almost the entire quantity was sold. The auction average moved up to ₹567.56 from ₹557.94.
Total arrivals during the season up to January 02 were at around 16,529 tonnes and sales were at 16,030 tonnes. The individual auction average as on January 2 was at ₹622.55 a kg.
Prices of graded varieties (₹/kg): 8mm bold good green colour 900-950; 8mm 840-900; 7-8 mm 700-725; 6-7 mm 590-620; below 6 mm: 560-580.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.