login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Small Cardamom Prices Show Firmness Amid High Demand

22 May 2024 8:52 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, May 22 (Commodities Control): Small cardamom prices in major markets have continued to rise due to strong demand, with prices remaining above Rs 2,000 per kilogram. Local sources indicate that despite increased arrivals, the high demand has driven prices upward.

The average price of small cardamom ranged from Rs 2,065 to Rs 2,079 per kilogram, up from the previous session's range of Rs 1,965 to Rs 2,084 per kilogram. The highest reported price per kilogram reached Rs 2,855, an increase from Rs 2,821 in the previous session.

Arrivals remained robust, totaling 100,333 kilograms, slightly down from 103,502 kilograms in the previous session. Despite this, offtake totaled 95,063 kilograms, down from 102,233 kilograms, with the offtake rate reported at 94.7%, compared to 98.8% in the previous session, indicating continued strong demand.

Grade-specific rates remained stable following a weaker session, with prices for 7 mm grades ranging between Rs 1,720 and Rs 1,780 per kilogram, Rs 1,900 to Rs 1,980 per kilogram for grades 7-8 mm, and Rs 2,120 to Rs 2,250 per kilogram for grades 8 mm and up.

The Department of Commerce released EXIM data for March, showing a significant increase in exports, which totaled 1,126 MT, up 178% year-on-year. Imports, however, were down 26% year-on-year at 530 MT. For the cumulative period from April to March, exports were 7,576 MT, down 18.6% year-on-year, while imports were 8,956 MT, down 9.5% year-on-year.


(By CommoditiesControl Bureau: +91-9820130172)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Post Comment  

Latest Market Commentary
Coriander Prices Improve in Gujarat Amid Increased Dema...
Gujarat's Cumin Spot Market Sees Improvement After Incr...
Clove Prices Remain Stable in Key Markets
Domestic Pepper Prices Drop; Vietnamese Prices Continue...
Small Cardamom Prices Mixed; Arrivals Drop Below 1.0 La...
more
Top 5 News
Castor Prices Hold Steady Amidst Robust Shipper Demand...
Tamil nadu Sugar Prices -15 June 2024
Uttar Pradesh Sugar Prices -15 June 2024
Uttarakhand Sugar Prices -15 June 2024
Madhya Pradesh Sugar Prices -15 June 2024
Top 5 Special Reports
India Plans Boost in Arhar and Urad Dal Production to T...
US soybean net sales for May 31-June 6 at 377,100 MT, u...
US cotton net export sales for May 31-June 6 at 177,100...
USDA lowers 2024-25 global soybean ending stocks estima...
USDA revises 2024-25 global cotton ending stocks estima...
Copyright © CC Commodity Info Services LLP. All rights reserved.