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Easier Trend Continues In Small Cardamom As Quality Declines

16 Apr 2018 5:26 pm
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MUMBAI (Commoditiescontrol) - Easier trend continued in the small cardamom prices as the quality of the material being supplied has declined.

As over 90 per cent of the harvesting is over in the states, the material arriving at the markets at present is from the stocks held by the growers/ primary market dealers, trade sources said.
Therefore, there is a drop in the quality and as a consequence the prices have also declined, they said.
Besides, the supply in recent days has also shown an upsurge, probably  prompted by the prevailing good prices the growers wanted to liquidate, they said. All these factors have aided the price fall, they said.
On other hand, the summer rains have changed the market sentiment also to an early next crop.
The buyers as a result have slowed down anticipating further price fall, they said.
At the Cardamom Planters Association (CPA) Santhanpara auction held in Bodinayakannur on Monday 21 tonnes of cardamom out of 25 tonnes arrived were sold out today.
The maximum price was at ₹1,148 a kg and the auction average was down to 890.91 a kg from ₹919.07 a kg the previous Monday.
Total arrivals last week soared to 512 tonnes from 469 tonnes the previous week.
The Individual auction average decreased to ₹936.86 a kg from ₹962.08 a kg  the previous week. It was vacillating between ₹920 and ₹962 a kg.
Total arrivals during the current season as on April 12  stood  at 21,971 tonnes and sales were at 21,290 tonnes. The individual auction average of the season was at ₹961.28 a kg.
The prices of graded varieties today at Bodinayakannur in ₹/Kg : 8mm green bold 1,200 -1,280 ; 7 - 8  mm : 940 - 1,020  ; 6-7 mm 900. Good colour bulk was being traded at ₹950 - ₹975  a kg.
The weather conditions continued to remain favourable following a couple of good summer rains in many of the growing areas, growers in Idukki said. e.o.m

(By Commoditiescontrol Bureau; +91-22-40015567)

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