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The small cardamom prices last week ruled nearly steady with marginal increase at auctions held in Kerala and Tamil Nadu.
Supply continued to show a shrinkage following the continued dry spell.
Harvesting is nearly complete and hence arrivals are unlikely to pick up, trade sources said.
Exporters and north Indian dealers have slowed down because of the higher prices.
Exports of small cardamom during April-September 2016 have dropped by 20 per cent in volume and 22 per cent in value realisation from that of the same period the last fiscal. Shipments during the first six months of the current financial year stood at 1,625 tonnes valued at ₹139.25 crore against 2,026 tonnes valued at ₹179.32 crore in the corresponding period in 2015-16, according to Spices Board sources.
Local dealers in Bodinayakannur were actively buying and that in turn was keeping the prices steady/firm, Ranganathan, Bodi dealer, told BusinessLine. At today’s auction conducted in Bodi by Cardamom Planters Association (CPA) Santhanpara, 18 tonnes of cardamom arrived and of this 13.8 tonnes were traded. The auction average was at ₹1,344 a kg, while the maximum price stood at ₹1,451 a kg. Arrivals last week dropped to 338 tonnes from 411 tonnes the week before.
The last week auction average moved up to ₹1,377.27 a kg from ₹1,351.71 the previous week and was vacillating between ₹1,351 and ₹1,389 a kg.
Total arrivals during the season from August 1 to January 21 were at 11,235 tonnes and sales were at 10,670 tonnes.
The individual auction average for the season as on January 21 stood at ₹1,101.36 a kg.
Prices in ₹/Kg : 8mm bold good colour 1,600-1,700 ; 7-8 mm 1,400-1,500; 6-7 mm 1,400 and below 6 mm: 1,250-1,300.
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