Comments
Cardamom prices ruled steady last week on matching demand and supply at auctions held in Kerala and Tamil Nadu.
Arrivals declined to 272 tonnes due to holidays from 338 tonnes the previous week, but remained much below the arrivals at the auctions at the same time of the previous season.
The harvesting has almost come to an end and now the material arriving is of the crop harvested earlier. Big growers are making a regulated release now, PC Punnoose, General Manager, CPMC, told BusinessLine .
At the same time, the upcountry buyers have slowed down following a bearish sentiment in the markets due to good summer rains in the main growing Idukki district of Kerala, he said. Therefore, they are of the view that the crop would be good and early in the coming season. Export buying continued to remain slow and an estimated 30 tonnes might have been bought by exporters, trade said.
Arrivals last week were at 272 tonnes against 485 tonnes during the same week of the previous season, trade sources claimed.
The individual auction average last week vacillated between ₹720 and ₹770 a kg. Total arrivals during the season up to April 2 stood at 16,167 tonnes against 17,940 tonnes during the same period last year. The sales were at 15,776 tonnes and 17,368 tonnes respectively.
The auction average as on April 2 was at around ₹765 (795) a kg.
Prices of graded varieties (₹/kg): 8mm bold green 1,050; 7-8mm 875-900; 6-7mm 775-800; below 6 mm 750-760.
Comments
COMMENT NOW
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.