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Cardamom gained marginally on supply squeeze last week at auctions held in Kerala and Tamil Nadu.
Some of the auctions were suspended because of the Diwali festival and, as a result, the arrivals dipped last week.
Against 796 tonnes arrived the week before, 361 tonnes of the material came last week. Of this, 347 tonnes were traded.
PC Punoose, General Manager, CPMC, said for the growers anything below ₹700/kg is not a remunerative price. Exporters were seen active last and they are estimated to have bought somewhere between 70 and 100 tonnes. The individual auction average last week moved up and vacillated between ₹608 and ₹650 a kg.
Total arrivals during the season up to November 14 were at around 10,782 tonnes against 6,607 tonnes as on November 15, 2014. Sales were at 10,484 tonnes and 6,495 tonnes respectively.
The individual auction average as on November 14 was at ₹635.30/kg (₹782.76).
Prices of graded varieties (₹/kg): 8mm bold good green colour 930-950; 7-8 mm 720-730; 6-7 mm 600-620; below 6 mm: 570.
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