Car­damom re­gains flavour, touches ₹1,150/ kg at Ker­ala auc­tion

The Hindu Business Line - - FRONT PAGE - G K NAIR

Small car­damom bounced back with the price touch­ing ₹1,150/ kg at the Wed­nes­day auc­tion held at Put­tady in Ker­ala’s Idukki district.

At the auc­tion con­ducted by Su­gand­ha­giri Spices Pro­mot­ers and Traders Pvt Ltd, nearly 29 tonnes of car­damom ar­rived, and al­most the en­tire quan­tity was traded. The auc­tion av­er­age stood at ₹1,149.68/kg. The max­i­mum price was ₹1,540/kg.

At the forenoon auc­tion, the av­er­age was ₹1,142.83/kg. The max­i­mum price was ₹1,547/kg, ac­cord­ing to Spices Board sources.

In­fact, af­ter show­ing a mar­ginal dip from mid-last week, the prices have started mov­ing up from Mon­day af­ter­noon, tak­ing the in­di­vid­ual auc­tion av­er­age to above ₹1,100 at all the sub­se­quent auc­tions, they said.

The cur­rent bullish trend in the mar­kets could be at­trib­uted to the empty pipe­lines in the con­sum­ing mar­kets, cou­pled with an un­likely up­surge in the ar­rivals in the com­ing days, P C Pun­noose, Gen­eral Manager, CPMC, told Busi­ness Line.

The cur­rent ar­rivals, he added, at a time when the sec­ond round of pick­ing is at its peak, are not re­flec­tive of an abovenor­mal crop this sea­son be­cause of the er­ratic weather con­di­tions.

Ex­porters were also ac­tive as they are un­der­stood to have good or­ders in hand, trade sources said.

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