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Small cardamom markets last week showed an easier trend as supply outstripped demand.
North Indian buyers were inactive in the market claiming that upcountry trading centres were holding good stocks from previous purchases, PC Punnoose, General Manager, CPMC, told BusinessLine.
However, exporters who having good orders in hand were purchasing actively. They bought an estimated 120 tonnes of the material. But availability of exportable grade 7mm capsule was at short supply, he said.
The trade also attributed the price decline to inferior quality of the material which they claimed is caused by increased fruit bearing. They said good colour cardamom was still fetching moderate prices but its availability has become very thin.
Total arrivals last week increased to 768 tonnes from 532 tonnes the previous week. The individual auction average declined and was vacillating between ₹515 and ₹585 a kg.
At the Cardamom Planters’ Association (CPA), Santhanpara auction on Monday in Bodinayakannur, arrivals decreased to 42 tonnes and of this 40.8 tonnes were traded. The auction average fell to ₹529.14/kg from ₹542.95.
Total arrivals during the season up to February 6 were at around 19,932 tonnes and sales were at 19,231 tonnes. The individual auction average as on February 6 stood at ₹613.82.
Prices of graded varieties (₹/kg): 8mm bold good green colour 900-930; 7-8 mm 700-720; 6-7 mm 580-600; below 6 mm: 500. Ordinary bulk was being traded today at ₹500-520 a kg.
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