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
Coriander Prices Mixed At Major Spot Markets
Jeera Prices Up In Unjha, Weak In Rajkot
Pepper Continues To Stay Easier
Steady Trend Continues To Persist In Nutmeg, Mace
Spot Turmeric Prices Steady Amid Sluggish Trade
more
Top 5 News
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Nymex/Comex Globex Metals Futures Hourly Price Updat...
DJ Correction to ICE: 0 May Coffee Notices Posted, Tota...
*DJ Agnico Eagle Completes Sale of Common Shrs of Belo ...
Top 5 Special Reports
Technical: Jeera Unjha : Expect Slide Towards 14,000 Wi...
Technical: Dhaniya : Accumulate At Retracement
Technical: Turmeric Nizamabad: Recovery Needs To Happen...
Technical: Guargum Jodhpur: Correction For Near Term In...
Technical: Guarseed Bikaner: Support Likely At Current ...
Copyright © CC Commodity Info Services LLP. All rights reserved.