Kochi: Cardamom prices at the auctions held in Kerala and Tamil Nadu during the week ruled steady on tight supply. Run-up to Budget 2008-09
The individual average prices hovered around Rs 600 a kg at the auctions held during the week.
Average prices at KCPMC auction on Sunday stood at Rs 615, while that on Monday at the CPA auction in Bodinayakannur dropped to Rs 593.99.
At the Heddar Systems auction on Tuesday, it moved up to Rs 610.92 a kg. On Wednesday, at the CPMC auction it declined to Rs 605.05 a kg.
Again at the STCL auction on Thursday, it dropped further to Rs 599.85 a kg.
Arrivals remained thin compared to that of the same period in the previous seasons, market sources said.
At the STCL auction in Bodinayakannur on Thursday, total arrivals stood at 25 tonnes, of which, 23 tonnes of cardamom were sold.
Maximum price was Rs 709 a kg and the minimum Rs 251.50 a kg. Export buying was negligible, they said.
Buyers active
At the CPMC auction on Wednesday at Vandamettu total arrivals stood at 22 tonnes and the entire quantity was sold out, P.C. Punnoose, General Manager, CPMC, told Business Line.
According to him, buyers were active and the maximum price was Rs 681.50 a kg and the minimum Rs 481 a kg.
Exporters bought three tonnes of the capsules as there is said to be demand from selected overseas buyers for the superior variety Indian produce.
Upcountry buyers were also active as it appears that they were buying for advance sales next season.
Total arrivals during the current season up to February 20 stood at 3,732 tonnes compared to 5,830 tonnes in the corresponding period last season.
Weighted average
Sales also fell sharply to 3,478 tonnes from 5,353 tonnes in the previous season. Weighted average price stood at Rs 488.55 a kg compared to Rs 300.38 a kg as on February 20, 2007.
Prices of graded varieties as on February 16 were AGEB Rs 715–725, AGB Rs 645–655, AGS Rs 630-640 and AGS 1 Rs 610–620 a kg.
Prices in the local market at Bodinayakannur on Thursday were AGEB Rs 690–700, AGB Rs 620–630, AGS Rs 610–615, AGS1 Rs 585–595 a kg. Bulk was being sold at Rs 630–710 a kg.
The weather conditions so far in the growing areas have been favourable, growers said, adding, “One shower a month will be good for the crop.”
The individual average prices hovered around Rs 600 a kg at the auctions held during the week.
Average prices at KCPMC auction on Sunday stood at Rs 615, while that on Monday at the CPA auction in Bodinayakannur dropped to Rs 593.99.
At the Heddar Systems auction on Tuesday, it moved up to Rs 610.92 a kg. On Wednesday, at the CPMC auction it declined to Rs 605.05 a kg.
Again at the STCL auction on Thursday, it dropped further to Rs 599.85 a kg.
Arrivals remained thin compared to that of the same period in the previous seasons, market sources said.
At the STCL auction in Bodinayakannur on Thursday, total arrivals stood at 25 tonnes, of which, 23 tonnes of cardamom were sold.
Maximum price was Rs 709 a kg and the minimum Rs 251.50 a kg. Export buying was negligible, they said.
Buyers active
At the CPMC auction on Wednesday at Vandamettu total arrivals stood at 22 tonnes and the entire quantity was sold out, P.C. Punnoose, General Manager, CPMC, told Business Line.
According to him, buyers were active and the maximum price was Rs 681.50 a kg and the minimum Rs 481 a kg.
Exporters bought three tonnes of the capsules as there is said to be demand from selected overseas buyers for the superior variety Indian produce.
Upcountry buyers were also active as it appears that they were buying for advance sales next season.
Total arrivals during the current season up to February 20 stood at 3,732 tonnes compared to 5,830 tonnes in the corresponding period last season.
Weighted average
Sales also fell sharply to 3,478 tonnes from 5,353 tonnes in the previous season. Weighted average price stood at Rs 488.55 a kg compared to Rs 300.38 a kg as on February 20, 2007.
Prices of graded varieties as on February 16 were AGEB Rs 715–725, AGB Rs 645–655, AGS Rs 630-640 and AGS 1 Rs 610–620 a kg.
Prices in the local market at Bodinayakannur on Thursday were AGEB Rs 690–700, AGB Rs 620–630, AGS Rs 610–615, AGS1 Rs 585–595 a kg. Bulk was being sold at Rs 630–710 a kg.
The weather conditions so far in the growing areas have been favourable, growers said, adding, “One shower a month will be good for the crop.”
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