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Cardamom prices slipped last week on slack demand at auctions held in Kerala and Tamil Nadu. Despite suspension of auctions for two days (4 auctions) on account of “Pongal” festival last week, arrivals stood at 673 tonnes as against 760 tonnes the previous week, trade sources said.
Usually from mid-December to mid-January, cardamom market used to experience a sluggish trend because of the severe cold weather conditions in north India, C Punnoose, General Manager, CPMC, told BusinessLine . The market witnessed a slip of around ₹20 per Kg. However, good buying support from exporters has kept the prices from a sharp fall, he said.
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