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Spot Cardamom Up In Spot Markets

11 Dec 2019 5:55 pm
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MUMBAI (Commoditiescontrol) – Cardamom prices were up by 20/kg in all varieties on Wednesday's auction due to a prevailing bullish trend in the market.

The auctioneers South Indian Green Cardamom Company Ltd offered 68 tonnes of 296 lots in the morning auction. The average price realised was 2,964 per kg and selected lots received the highest price tag of 3,257 per kg.

The entire quantity 68441.6kg offered for sale at the Kochi auction center was sold.

The undertone of the market is firm as production is likely to drop with the end of northeast monsoon season . Normally, additional production in the growing belt can be seen with good rains. Further with the start of the winter season in the growing belt will affect productivity. Keeping this in mind exporters and traders were aggressive buyers to cover their requirements.

There was hardly any activity in the futures market. Cardamom December futures on MCX was not traded while January contract settled down by Rs 93.90 at Rs 3,006.4/kg with the volume of 4 lots only.

Daily Auction Price of Small Cardamom

Sno

Date of Auction

Auctioneer

No.of Lots

Total Qty Arrived (Kgs)

Qty Sold (Kgs)

MaxPrice (Rs./Kg)

Avg.Price (Rs./Kg)

1

11-Dec-2019

South Indian Green Cardamom Company Ltd, Kochi

296

68441.6

68441.6

3256.00

2964.58

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