Arrivals at the cardamom auctions this week are expected to be at reasonable levels and they will be better from next week as the harvesting of the commodity will be in full
Arrivals at the cardamom auctions this week are expected to be at reasonable levels and they will be better from next week as the harvesting of the commodity will be in full
The Agriculture Market Intelligence Centre of the Kerala Agriculture University (AMIC) has projected that cardamom prices in the current season (August 2010-July 2011) is likely to stay above Rs 1,000 a kg in the short-term due to low arrivals
The Kumily-based Kerala Cardamom Processing and Marketing Cooperative Society (KCPMC) and the Cardamom Processing and Marketing Company (CPMC) started their auctions on Sunday, an auspicious day, and before the beginning of the Aadi month.
The continued disequilibrium in demand and supply with the former outweighing the latter pushed the cardamom prices last week with the maximum price on Friday hitting the record high of Rs 1,712 a kg at the auction conducted by the MAS
The cardamom market witnessed a continued upsurge last week at the auctions on good demand and limited arrivals. The individual auction average hit the highest ever price of Rs 1,270 a kg at the auction held on Sunday by the Kumily-based Kerala
Cardamom prices continued their upsurge on good demand amid thin arrivals at auctions held last week. Arrivals have dropped below100 tonnes a week against around 300 tonnes during the peak season. Harvesting is over and whatever is arriving at