Agri Business

Export buying holds cardamom steady

GK Nair Kochi | Updated on January 22, 2018 Published on December 14, 2015

Cardamom prices maintained a nearly steady trend last week on matching demand and supply despite heavy arrivals at auctions held in Kerala and Tamil Nadu.

Arrivals were at around 820 tonnes against 964 tonnes the previous week. According to the trade, export buying has aided in keeping the prices from falling further, trade sources in Bodinayakannur said. Exporters were active, as the prices were ruling at lower levels, and they have bought an estimated 120 tonnes. The individual auction average last week was vacillating between ₹590 and ₹630 a kg.

At the Cardamom Planters’ Association (CPA) auction in Bodi today arrivals increased to 63.6 tonnes from 45.3 tonnes the previous Monday and of this 60.7 tonnes were sold. The auction average remained steady at ₹570 a kg.

Total arrivals during the season up to December 12 were at around 14,250 tonnes and sales were at 13,840 tonnes. The individual auction average as on December 12 was at ₹629/kg. Good colour 8mm bold green was fetching ₹940-950.

Prices of other graded varieties (₹/kg): 8mm bold good green colour 850-900; 7-8 mm 720-740; 6-7 mm 620-630; below 6 mm: 585-590.

Published on December 14, 2015
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