Cardamom prices ruled steady as demand matched supply on resumption of auctions after a week-long suspension. At the auctions held on Monday in Bodinayakannur, average prices ruled between ₹725 and ₹771 a kg, market sources told Business Line . They said a good buying interest was seen while arrivals were thin.

Arrivals were low. Everybody was buying, albeit small quantities. Exporters actively tried to corner whatever exportable variety was available.

Upcountry dealers bought small lots of 500 kg, 700 kg and 1,000 kg. Exporters bought an estimated 15 tonnes last week. Supply of exportable grade material was thin as the first round harvesting has began. Therefore, of the current arrivals only 30 per cent of the capsules are from the new crop.

According to growers, weather conditions have improved as the growing regions in the State have been receiving incessant rains since last week.At the Kerala Cardamom Processing and Marketing Company auction on Sunday, 40 tonnes of cardamom arrived and the entire quantity was sold out.

The maximum price was ₹1,042 a kg and the minimum ₹512 . The auction average was ₹769.21 against ₹809.48 a fortnight ago.

During the current season ending this month, arrivals are 21,348 tonnes (15,648 tonnes).

Sale are 20,705 tonnes against14,996 tonnes. The weighted average price as on July 13 was ₹646.62 ( ₹728.29) a kg.

Prices of all graded varieties (₹/kg): AGEB 950-960; AGB 790-800; AGS 760-770 and AGS -1:740-750.

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