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Small cardamom markets were showing a steady trend last week on matching demand and supply at auctions held in Kerala and Tamil Nadu.
Good colour bold capsules were fetching ₹20 more per kg while that of inferior quality was being sold at ₹10-20 less, market sources said.
At today’s auction held by the Cardamom Planters’ Association (CPA), the average price remained by and large steady at ₹735.31 a kg against ₹734.92 the previous Monday.
Today’s arrivals were at 11 tonnes and almost the entire quantity was sold. The maximum price was at ₹979 a kg.
Arrivals continued to show a declining trend. The material arriving at the auctions and the open markets is from the stocks held by growers and primary market dealers, they said. Upcountry buyers were covering but not actively. But, whatever material arrived was being picked up, they said.
“Exporters, however, were totally inactive probably because of the higher prices coupled with non-availability of the capsules with required specifications,” PC Punnoose, General Manager, CPMC, told BusinessLine . Exporters estimated to have bought something between 10 and 15 tonnes, he said.
Total arrivals at 12 auctions last week stood at around 417 tonnes against 452 tonnes the previous week.
Good bulk is not available now and the only availability is of medium bulk, which was being traded at ₹740-770 kg.
The individual auction average was vacillating between ₹770 and ₹815 last week, they said.
Total arrivals during the season up to July 23 were at around 33,634 tonnes and sales were at 32,352 tonnes. The individual auction average for the season as on July 23 stood at around ₹637/kg.
Prices in ₹/kg: 8mm bold good colour 1,200; 7-8 mm 900; 6-7 mm 725-730 and below 6 mm: 630-640.
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