Comments
The small cardamom markets, after falling sharply over the past 15 days, recovered last weekend by around ₹100 a kg on good demand amid supply squeeze at auctions held in Kerala and Tamil Nadu.
At the auction held by the Cardamom Planters Association in Bodinayakannur today, total arrival stood at around 6 tonnes, of which 5 tonnes were traded. The maximum price was ₹1,181 a kg and the auction average was ₹904.16.
Farmers who were holding cardamom pushed their produce into the market and that in turn pulled the prices down sharply, PC Punnoose, General Manager, CPMC, told BusinessLine . At the CPMC auction on April 20, the average price consequently fell to ₹895 a kg from 1,166 a kg on April 6, he said. However, a self imposed market intervention later by the sellers appears to have pushed up the market on Saturday by around₹100 a kg.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.