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Cardamom Prices Tank Amid Rising Arrivals

4 Aug 2020 8:43 pm
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Mumbai (Commodities Control) Spot cardamom prices dropped in Kerala amid rising arrivals. The price fell to one and a half months low due to higher arrivals in Nedumakandam auction centre in Idukki districts.

Cardamom average prices were quoted at Rs 1401.80 per Kg, while the price touched the highest level of Rs 2002 per Kg. The auction centre received arrivals of around 106.3 tons, which is double the arrivals from the previous session.


Traders attribute weakness in cardamom prices to rising arrivals. Market is expecting an output of 23,000 tons of cardamom this year which is 45% higher than last year. Experts see prices collapsing to Rs 1000 per kg by month end.

(Commodities Control Bureau)



       
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