Cardamom prices witnessed rise due to delay in the start of the new cardamom season that has squeezed fresh arrivals into the market. The cardamom prices are hovering around Rs 700 per kg level.
Generally, the season picks up in the month of August with new cardamom arrivals from the harvest flooding the market. However, this year the season has been delayed by a month because of inadequate rains. Consequently, the arrivals are expected to improve only by September.
The average spot prices at Vandanmedu auctions on Wednesday stood at Rs 710 per kg with arrivals keeping as low as 19 tonnes as compared with 30 tonnes in a year-ago period.
Generally, the season picks up in the month of August with new cardamom arrivals from the harvest flooding the market. However, this year the season has been delayed by a month because of inadequate rains. Consequently, the arrivals are expected to improve only by September.
The average spot prices at Vandanmedu auctions on Wednesday stood at Rs 710 per kg with arrivals keeping as low as 19 tonnes as compared with 30 tonnes in a year-ago period.
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