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Small Cardamom Shows Slightly Steady To Easier Trend

13 Aug 2019 5:21 pm
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MUMBAI (Commoditiescontrol) – Small cardamom markets showed an easier/steady trend on Tuesday after making an upsurge last Saturday on bullish sentiments following heavy rains that lashed the growing regions of the aromatic spice.

The markets are likely to remain at higher levels given the likely shortage of the material this season. "Generally the crop is going to be smaller than what it was in last season. Last year's natural calamity followed by the protracted dry spell this year could be attributed to the poor crop", Mr P C Punnoose, General Manager, CPMC, Thekkady said.

The individual auction average has, however, declined by around Rs100 a kg at the auction held in the forenoon in Puttady in Kerala's Idukki district.

At the auction conducted by the Kerala Cardamom Processing and Marketing Company Limited, Thekkady the auction average dropped to Rs 3,940.10 a kg from Rs 4,015.46 a kg last Saturday.

The total arrivals stood at 22.7 tonnes and the entire quantity was sold out. The maximum price was at Rs 4,465 a kg.

Dealers in Kumily said the prices have declined by Rs 100 a kg for all grades today.


Today's prices were as follows:

8 mm good colour bold Rs 4,800 - 4,900 a kg

7 - 8 mm Rs 4,500 a kg

6- 7 mm Rs 3,900 - 4,000 a kg

Good colour Bulk : Rs4,050 - 4,100 a kg


(By Commoditiescontrol Bureau)


       
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