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Cardamom Prices Tumble On Lacklustre Buying Support

24 Feb 2020 8:22 pm
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MUMBAI (Commoditiescontrol) - Small cardamom prices fell sharply at major auction centres in Kerala on Monday due to the lacklustre buying support.

The total arrival in the auctions on Monday at Puttady is 75 tonnes. In the morning session, Header Systems India Ltd offered 43 tonnes while the offer made by Mas Enteprises in the afternoon session was 32 tonnes.

The average price realized was Rs 2,900.04 per kg. Some selected lots quoted a higher price tag of Rs 3,538 per kg.

The cardamom March contract on MCX settled lower at 4 percent lower circuit at Rs 2,951.90//kg.

According to traders, many of the buyers are now reluctant to participate and traders cited the reason to the conclusion of many festivals, marriage season in consuming centres in North India.

The only two upcoming festival seasons are Holi and Ramadaan in the next couple of months which would not expected to perk any requisite demand in the market.

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