Kochi: Cardamom prices increased last week on thin arrivals at auction centres in Kerala and Tamil Nadu. The main reason attributed to the fall in arrivals is incessant rains and the accompanying winds in the growing areas which disrupted picking. The good arrivals since June last were because of the extended summer showers. Even now, the growing areas are getting rains and that could change the situation. The arrivals on Aug 4 at the CPA auction in Bodinayakkanur was at six tonnes and almost the entire quantity was sold out. Maximum price got was Rs 637.50 and the minimum, Rs 489. The average price was at Rs 560.42.
North Indian purchasers were active. The market was firm with an upward swing. The bulk accounted for 20 per cent of it with 8mm bold fetching Rs 600 and above a kg. Total arrivals during the current official season from August 1 to 3 was at 36 tonnes as against 43 tonnes during the same period last season. Similarly, the sales also fell by 2,175 tonnes to 5,494 tonnes from 7,669 tonnes. The weighted average price was at Rs 507.84 a kg as against Rs 315.27 the previous season.
North Indian purchasers were active. The market was firm with an upward swing. The bulk accounted for 20 per cent of it with 8mm bold fetching Rs 600 and above a kg. Total arrivals during the current official season from August 1 to 3 was at 36 tonnes as against 43 tonnes during the same period last season. Similarly, the sales also fell by 2,175 tonnes to 5,494 tonnes from 7,669 tonnes. The weighted average price was at Rs 507.84 a kg as against Rs 315.27 the previous season.
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