Login ID:
Password:
Partner Login
Contact Us : 07666977977

Up-Trend Persists In Small Cardamom On Good Demand

13 Feb 2017 3:22 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - An up-trend continued to persist in the small cardamom markets last week on good export demand amid decline in supply at auctions held in Kerala and Tamil Nadu.

Exporters were actively buying and that in turn has aided the markets to stay firm. They have bought an estimated 60 tonnes of exportable grade last week, market sources said.

As the harvesting is over the arrivals are likely to slip further in coming weeks. Those who are holding the stocks might be releasing in a regulated manner, they said.

North Indian buyers were buying but not aggressively citing slow down in retail sales due to higher prices, they said.

Weather conditions continued to remain unfavorable with prevailing drought conditions. Water resources for irrigating the plants have almost dried up. In several estates, where irrigation facilities do not exist the plants have started to wither, they said.

Arrivals last week were at 463 tonnes from 12 auctions. The auction average was vacillating between Rs1.325 and Rs1.378 a kg.

Total arrivals during the season from August 01 up to February 11, 2017 were at 12,426 tonnes and sales were at 11,815 tonnes.

The individual auction average for the season as on February 11, 2017 stood at Rs1,129.99 a kg.

Prices in the local market in the main trading hub for the aromatic spice, Bodinayakannur in Tamil Nadu, have declined and they were in Rs/Kg : 8mm bold good colour 1,600-1,655 ; 7- 8mm 1,460-1,520; 6mm -7mm 1,380-1,420 and below 6 mm: 1,270-1,300.

Medium bulk was being traded at Rs1,350-Rs1,400 a kg. Good bulk was fetching Rs1,450 a kg but its availability is limited.

(By Commoditiescontrol Bureau; +91-22-40015533)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Special Reports
Cumin May Witness Correction In Near Term; But Long-Ter...
Technical: Turmeric Nizamabad - Trend Is Down
Technical: Chilli Guntur - Trend Is Still Down
more
Top 5 News
Sluggish Trend Continues In Spot Mustardmeal
Spot Cotton Oil Cake Likely To Trade Higher Next Week
Weekly: Cotton Bullish Supported By Global Market Cues
Cotton Prices Are Poised To Rise In The Short Run Follo...
India Soymeal Likely To Trade Rangebound Next Week
Top 5 Market Commentary
DJ Commodities Corner: Platinum's 15 Minutes Are U...
All Major Pulses Mixed In Delhi
All Pulses Closed Mostly Flat At Mumbai
Firm Tone Witnesses In Select Pulses At Kolkata
India Daily Cotton Arrivals Decreases 6% On Saturday
Copyright © CC Commodity Info Services LLP. All rights reserved.