Commodities

Cardamom auctions resume at Bodinayakanur

V Sajeev Kumar Kochi | Updated on June 03, 2020 Published on June 03, 2020

Cardamom auctions at Bodinayakanur, which resumed on Wednesday after a gap of more than 80 days, has registered a ₹50/kg increase in prices compared to the previous auction in Puttady.

Traders attributed the rise in prices to to quality arrivals with graded materials (7-8 mm capsules) and better participation of Tamil Nadu dealers, even though their presence was limited to 40. The easing of restrictions in the borders of both the States is a positive factor and will ensure a better participation of traders thereby encouraging sales in the coming days, they said, adding that it was decided to conduct auctions both in Puttady and Bodinayakanur on alternate days.

The auctioneers Idukki District Traditional Cardamom Processing Company offered 19 tonnes and the average price realised was at ₹1,850 a kg. Of the 90 lots, some selected lots fetched the highest price of ₹2,573.

Planters are expecting an above normal crop in the ensuing harvest season which would further benefit the cardamom trade. The cloudy weather prevailing in the High Ranges is also a favourable factor for a good crop.

Exporters are getting increased enquiries, which is a positive sign for the revival of the market, traders said.

Published on June 03, 2020
This article is closed for comments.
Please Email the Editor