Tuesday, September 16, 2008

Cardamom Rates Increase On Demand - Sep 16, 2008

Kochi: Cardamom prices remained to see an upward swing at the sales held in Kerala and Tamil Nadu during the week on good demand and despite increased supply. The average rates ruled above Rs 600 a kg during last week. The arrivals at the Cardamom Planters Association auction at Bodinayakannur on Sept 15 were at 11 tonnes of which only one tonne was withdrawn. Maximum price was Rs 719.50 and minimum Rs 521 a kg. Average price was at Rs 604.81 a kg. At the Sept 14 auction at Vandanmettu of the KCPMC, arrivals stood at 29 tonnes and the entire quantity was sold out.

The maximum price got Rs 837 a kg and the minimum Rs 250 a kg. A significant portion of the arrivals during the season comprised medium variety i.e., 6.5mm - 7mm and it was getting good price. Local prices at Bodinayakannur were AGEB Rs 680-690, AGB Rs 610-615, AGS Rs 565-570 and RS Rs 535-545. Bulk was fetching Rs 650-800 a kg

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