Tuesday, November 25, 2008

Supplies Prices Fall On Heavy Bodinayakannur - Nov 25, 2008

Last week, the cardamom prices declined at the Kerala and Tamil Nadu auctions on account of heavy arrivals and shortage of labour at grading centres in Bodinayakannur. The average price slipped by Rs 100 a kg in a week to Rs 400 a kg on Nov 23. Besides, the average price at the previous weekend was Rs 500 a kg and from thereon the prices witnessed a steady decline in all the auctions.Aggravating , the situation was a severe shortage , of labour in the Bodinayakannur primary cardamom.

processing centre for cleaning and sieving /grading of the capsules, resulting delay in the dispatch of consignments to North Indian markets. As a result, there is a liquidity crunch as the upcountry dealers make the payments only on receipt of the waybill. Besides, almost all the workers engaged in this sector are women. Increased agricultural activity, following good northeast monsoon in this part of Tamil Nadu, is told to have moved them to take up jobs in the farms at higher wages.

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