Login ID:
Password:
Partner Login
Contact Us : 7066511911

Easier Trend Continues In Small Cardamom As Quality Declines

16 Apr 2018 5:26 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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)

       
  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 Market Commentary
Steady Trend In Pepper On Limited Activities
Turmeric Prices Stable At Major Spot Markets
Red Chilli Prices Strong On Low Supply, Good Demand
Jeera Prices Unchanged In Gujarat, Rajasthan
Nutmeg And Mace Markets Rule Steady
more
Top 5 News
DJ Handy and Harman Gold Prices - Jul 18
DJ ICE Canola Strengthens Early
DJ Comex Futures Open Interest
DJ Nymex Open Interest Palladium +65, Platinum +327
DJ MGEX Wheat Options Volume and Open Interest
Top 5 Special Reports
India Cotton Arrivals As On July 16 Up 6.3% Y/Y At 350....
Technical: Soya Oil Indore- Accumulate on correction
Technical:Castor Seed Deesa- Accumulate
Technical:Wheat Spot Delhi-Accumulate On Decline
Technical: Barely Jaipur- Accumulate
Copyright © CC Commodity Info Services LLP. All rights reserved.