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The small cardamom continued to witness an easier/steady trend last week as the upsurge in supply continued to persist at auctions held in Kerala and Tamil Nadu. Selling pressure was felt in the markets as the growers were re leasing whatever material is harvested, trade sources said.
Divali buying is over now, and the trade is pinning their hopes on the Divali sales, if it turned out to be good demand would pick up and that in turn might result in some improvement in the prices, PC Punnoose, General Manager, CPMC told Business Line.
The individual auction average as on Oct 31, 2015 was at ₹638 a kg while that on November 1,2014 was at Rs788 a kg. Prices of graded varieties slipped in the open market in Bodinayakannur on Monday and they were in ₹/Kg: 8mm bold good colour 900-920; 7- 8mm 690-740; 6mm -7mm 590-640; below 6 mm: 550- 600.
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