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Small cardamom markets were steady on Monday after showing a declining trend last week at auctions held in Kerala and Tamil Nadu.
The drop in prices could be attributed to the confusion over the new GST regime, PC Punnoose, General Manager, CPMC, told BusinessLine .
The weekly auction average dropped to 862.01 from 972.30 a kg in the previous week.
The individual auction average declined to below 900 a kg and was vacillating between ₹898 and ₹823 a kg.
Total arrivals during the current season up to July 1, 2017 were at 19,226 tonnes and sales were at 18,285 tonnes.
Prices today at Bodinayakannur, the main trading hub for the aromatic spice, were (in ₹/kg): 8mm bold: 1,300; 7 -8mm: 1,125-1,150; 6-7mm: 900; below 6 mm 825-850.
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