Commodity News
HeadLine : Quality arrivals lift cardamom prices by Rs 50-100 per kg
Date : Jan 23 2020
Quality arrivals coupled with limited quantity offered seem to have lifted cardamom prices by Rs 50-100 per kg on Wednesday at Bodinayakanur auctions. The quantity on offer was low at 41 tonnes. This was because of the decline in the prices since a few days, thus prompting sellers not to liquidate their stock. There was limited participation following a subdued demand in upcountry markets. Traders cited factors including cash crunch for the slow movement in the downward price trend. Since it is the last round of harvest for this season, traders are worried about quality of capsules. Usually, such low quality find its market with condiment manufacturers. In the morning session, the auctioneers Vandanmedu GreenGold Cardamom Producer Company offered 23.41 tonnes in 120 lots. The average price realisation was Rs 3,842 per kg on 22.91 tonnes sold. Some selected lots were priced at Rs 4,150 per kg.

Source: Business Line
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