Agri Business

Upward price trend in cardamom auctions

V Sajeev Kumar Kochi | Updated on November 01, 2019 Published on November 01, 2019

Pods of green cardamom in a pile   -  iStockphoto

Amidst good arrivals, cardamom prices posted an upward trend at Rs 80 per kg for all grades in the auctions conducted at Spices Park at Puttady.

According to traders, the market was strong and steady and the rising price trend is likely to continue for the next few days as the region witnessed a sunny day after few days of inclement weather. The sentiments of rain in the market has started fading away, which would expected to push up prices.

However, the arrivals was low compared to last week auctions due to low picking of the crop as many growers are still on a holiday mood.

The average price realised in the morning auction was Rs2428 per kg on a quantity of 38 tonnes arrived. The quantity sold in the auction conducted by Header Systems Ltd was around 36 tonnes. There were 211 lots and a particular lot carried a price tag of Rs2644 per kg.

Since the two auctioneers are known for ensuring better quality and pricing, traders pointed out that the total quantity on offer in both the trade sessions was almost equal.

Late arrivals not hinder Kochi pepper trade

 

The current price trend is likely to continue for the time being Kamal Narang

 

Late arrival of consignments has not hindered pepper trading at Kochi on Friday, enabling a transaction of 20 tonnes.

The trade in the morning was delayed following the late arrival of cargo to the terminal markets on account of the night travel ban in Idukki high ranges and Wayanad due to inclement weather in these regions in the last two days.

According to Kishore Shamji of Kishor Spices, the entire 20 tonnes of stock was traded with prices quoting at Rs290 per kg. The market was steady and the closing price was Rs298 per kg. Pepper with 515 and 520 GS was traded at the rate of Rs295 while 535-545 at Rs300 and 550-560 at Rs305. The MG1 garbled varieties quoted Rs318 per kg.

Published on November 01, 2019
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