Cardamom prices went up at the auctions held in Kerala and Tamil Nadu on the squeeze in supply due to poor early crop and a strong demand in view of the ensuing festival season.
The average price increased to Rs 717 a kg at the Sunday auction held by KCPMC, Kumily, from Rs 697 at the Tuesday morning auction.
However, at the first auction of the CPA, which began on Monday at Bodinayakkanur, the average fell to Rs 698.67 a kg because of the inferior quality material. The arrivals were 17 tonnes of which 15 tonnes were sold out.
The buyers were aggressive due to the ensuing festival season and squeeze in availability. Exporters were also active in view of the Ramzan season beginning on September 22.
The average price increased to Rs 717 a kg at the Sunday auction held by KCPMC, Kumily, from Rs 697 at the Tuesday morning auction.
However, at the first auction of the CPA, which began on Monday at Bodinayakkanur, the average fell to Rs 698.67 a kg because of the inferior quality material. The arrivals were 17 tonnes of which 15 tonnes were sold out.
The buyers were aggressive due to the ensuing festival season and squeeze in availability. Exporters were also active in view of the Ramzan season beginning on September 22.
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