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Small cardamom prices crossed ₹1,000 a kg after falling by around ₹200 a kg within a month. Apprehensions about a fall in output contrary to expectations of a bumper crop, following erratic weather and depleted inventories in upcountry markets, could be attributed to the rise in prices, P C Punnoose, GM, CPMC Kumily told BusinessLine .
At Tuesday's auction, conducted in Puttady, Kerala, by the South Indian Green Cardamom Company Ltd, Kochi, 50.9 tonnes were traded where the maximum price stood at ₹1,319 a kg. The auction average moved up to ₹1,003.24 a kg as against ₹967.51 the previous Tuesday.
The uptrend was visible from last weekend, and on Monday the individual auction average rose to ₹991.35 a kg.
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