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Lower arrivals and revival of upcountry demand ahead of the Holi festival season has lifted cardamom prices by ₹70 a kg across all categories in Puttady auctions on Monday.
There was a positive movement in the market after a month-long sluggishness, especially after the Assembly polls in Delhi. This, coupled with the changes in the extreme weather conditions in many North Indian markets, was also a contributing factor for reviving the demand, traders said.
The sentiments so far were positive and buyers are keenly observing the sales happening in many North Indian markets. This is evident in the cardamom movement from the wholesale markets in Delhi.
Traders pointed out that Delhi is a major trade centre, after Bodinayakanur, that despatches bulk cardamom consignments to Uttar Pradesh, Rajasthan, Haryana, Punjab and other surrounding areas.
Total arrivals at the auctions today rose to 66.36 tonnes, which realised a combined average price of ₹3,741 per kg.
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