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Small Cardamom Rebounds On Bullish Sentiments Following Heavy Rains

10 Aug 2019 5:36 pm
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MUMBAI (Commoditiescontrol) – The small cardamom prices have rebounded on Saturday on bullish sentiments in the markets following heavy rains that are lashing the cardamom growing districts of Kerala where about 90 percent of the aromatic spice is grown.

The individual auction average, as a result, has soared to over Rs 4,000 a kg on Saturday due to squeezed arrival following heavy rains and consequent floods in Idukki and Wayanad districts of Kerala.

At the auction conducted today forenoon by the MAS Enterprises, Vandanmedu in Bodinayakannur (Tamil Nadu), total arrivals stood at 11 tonnes and almost the entire quantity was sold out. The maximum price was at Rs 4,636 a kg while the auction average rose to Rs 4,015.46 a kg from Rs 3739.05 a kg.

In the afternoon auction currently underway there and conducted by the Header Systems, the arrivals stood at 32.5 tonnes. The auction average was hovering at Rs4,100 a kg at 3 p.m.

Dealers in Bodinayakannur and Kumily said the prices have gone up by Rs 300-400 a kg for all grades today.

Today's prices were as follows:

8 mm good colour bold Rs 5,000 a kg

7 - 8 mm Rs 4,600 a kg

6- 7 mm Rs 4,000 a kg

Bulk : Rs 4,100 a kg

(By Commoditiescontrol Bureau)

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