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Small cardamom prices declined at last week auctions, after moving up by around ₹150 a kg in less than a fortnight, following slow down in buying.
At today’s auction held in Bodinayakannur by the Cardamom Planters’ Association, Santhanpara, the average price dropped to ₹729.85 a kg from ₹788.64 the previous Monday. Total arrivals stood at 24.1 tonnes and of this 19.8 tonnes were sold. The maximum price was at ₹1,030/kg. Total arrivals remained at moderately higher levels at 578 tonnes last week.
Upcountry buyers were covering while exporters were inactive, PC Punnoose, General Manager, CPMC, told BusinessLine . Exporters were said to have bought an estimated 20 tonnes only.
Good colour 8 mm bold capsules were fetching ₹1,150-75 a kg. Good bulk was being traded at ₹740-750 a kg.
The cardamom growing regions in Kerala have been receiving good rains but not the usual incessant rains lasting for several days, growers in Kumily said.
The individual auction average declined by ₹25 a kg after moving up sharply and was vacillating between ₹735 and ₹845 last week, they said.
Total arrivals during the season up to June 25 were at around 32,052 tonnes and sales were at 30,865 tonnes. The individual auction average stood at around ₹622.34 a kg. Prices in ₹/kg: 8mm bold good colour 1,175; 7-8 mm 850-870; 6-7 mm 720 and below 6 mm: 630.
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