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Small cardamom prices gained last week on good buying amid a squeeze in supply at auctions held in Kerala and Tamil Nadu.
Upcountry dealers as well as exporters were covering as it has become clear that no arrival of fresh cardamom will take place till the next season picking begins, by mid-June.
This sentiment has prompted all stakeholders to become active in the market. Consequently, prices moved up by ₹20-30 a kg last week, PC Punoose, General Manager, Cardamom Processing Marketing Company, told Business Line .
Quality of the capsules arriving were not up to the mark and there was a shrinkage in supply, said Ranganathan, a major Bodi dealer.
Arrivals last week stood at 295 tonnes as against 390 tonnes the previous week. The auction average moved up, vacillating between ₹1,192 and ₹1,280 a kg.
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