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Small cardamom turned firmer again on Wednesday and crossed the ₹1,145 a kg mark following apprehensions about the running crop due to erratic monsoon rains.
At the auction held in Puttady, Idukki district, by the Vandanmedu Green Gold Cardamom Producer Company, a total of 62 tonnes arrived and the entire quantity was sold. The auction average rose to ₹1,148.49 a kg. The maximum price was at ₹1,540 a kg.
The market has been on an upward trend since Monday. “The unpredictable weather conditions in the main growing region, Idukki district, has changed the market sentiment, of late, to bullish", PC Punnoose, General Manager, CPMC told BusinessLine .
The second round of picking is on in full swing and yet arrivals have not been showing the usual upsurge in volume, he said, adding that this phenomenon is also contributing to the bullish sentiment.
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