Agri Business

Limited arrivals boost cardamom price momentum

Our Bureau Kochi | Updated on November 11, 2019 Published on November 11, 2019

Limited arrivals in the cardamom auctions on Monday transactions has helped to sustain a price momentum.

The market realised a high average price of Rs 2728 per kg on limited arrivals and high quality in the morning trade. The market was strong and steady on account of low arrivals, traders said.

The quantity on offer in the auctions was only of 21 tonnes conducted by Vandanmedu Green Gold Cardamom Producer Co at Bodinayakanur. There were only 127 lots and a particular lot realised a higher price tag of Rs 2877 per kg.

In the afternoon trade conducted by Idukki Dist Traditional Cardamom Producer Co Ltd, the quantity on offer was 35 tonnes. The average price realised was Rs 2714.82 per kg and a maximum price at Rs 2930 per kg. The ensured quality has helped to maintain a high average price both in the morning and afternoon session, traders said.

Sri Lankan pepper holds the show in Kochi trade

Higher prices quoted by domestic growers have facilitated Sri Lankan pepper to trade in Kochi market on Monday.

The entire stock of 21 tonnes arrived today was Sri Lankan imported through Tuticorin Port and the ungarbled commodity traded at Rs 317 per kg. It was brought to Kochi for cash and carry terms, Kishore Shamji of Kishor Spices said. The moisture content in the stock was 13.5 per cent and bulk density 530/535 gm only. The MG1 garbled variety quoted at Rs 337 per kg.

Since domestic prices are moving up every day, farmers are not ready to part with their stock and wish to hold on. The domestic prices are quoting high prices such as Wayanad pepper at Rs 325 per kg, Idukki (Rs 330) and Coorg (between Rs 310-320) depending upon quality and moisture content, he said.

 

Published on November 11, 2019
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