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Good demand fuels cardamom prices

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Good demand fuels cardamom prices
Description  :  Industry
Date  :  Aug-18-2010

There was a marginal increase in the cardamom prices at the auctions held last week in Kerala and Tamil Nadu due to the good buying support and limited arrivals.

However, no auction was conducted on Sunday on account of the Independence Day.

The sources said that the individual auction average surged to above Rs 1,400 from the last Monday's auction average of Rs 1366.60 and in fact, it oscillated in the range of Rs 1,400 and Rs 1,460 a kg, trade sources said.

They also said that the total arrivals last week stood at 120 tonnes as against 92 tonnes in the previous week.

Out of the total arrivals of 232 tonnes during the current season i.e. from August 1 to August 14, 230 tonnes of cardamom were sold. The arrivals and sales during the same period in the previous season stood at 246 tonnes and 242 tonnes, respectively. The weighted average price as on August 14 stood at Rs 1,398 a kg as against Rs 684.25 a kg same day last year.

The prices for graded varieties in rupees per kg on Monday were: AGEB 1,660- 1,670 followed by AGB 1,515- 1,525; AGS 1,490 - 1,500; AGS1- 1,480 - 1,490. Prices quoted in the open market in Bodinayakannur were: AGEB 1,635-1,645; AGB 1,495-1,505; AGS 1,475-1,485 and AGS 1 -1,420-1,435 a kg.

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