Cardamom Prices Fall Due To Weak Demand

Kochi: Cardamom prices take beating at Wednesday's weekly auctions held by Cardamom Processing and Marketing Company in Kumily owing tepid demand, despite fall in arrivals to 47 tonne from 65 tonne a week ago, dealers said. Supply of fresh stock is down with the peak season of harvest coming to an end, a dealer said. Demand from exporters staying flat at 5 tonne for second week in a row also hurt sentiment. Top quality 8mm bold grades fetched Rs 451 a kg compared with Rs 475 a week ago. Next best 7.5mm grades rose slightly to Rs 370-Rs 410 a kg from Rs 360-Rs 400, while 7mm grades received Rs 330-Rs 370 compared with Rs 330-Rs 360 a kg a week ago. Current bulk grade was Rs 310-Rs 340 a kg compared with Rs 300-Rs 340 last week. Average price slipped to Rs 352 a kg from Rs 357 a week ago.