Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cardamom Prices Tank Amid Rising Arrivals

4 Aug 2020 8:43 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai (Commodities Control) Spot cardamom prices dropped in Kerala amid rising arrivals. The price fell to one and a half months low due to higher arrivals in Nedumakandam auction centre in Idukki districts.

Cardamom average prices were quoted at Rs 1401.80 per Kg, while the price touched the highest level of Rs 2002 per Kg. The auction centre received arrivals of around 106.3 tons, which is double the arrivals from the previous session.


Traders attribute weakness in cardamom prices to rising arrivals. Market is expecting an output of 23,000 tons of cardamom this year which is 45% higher than last year. Experts see prices collapsing to Rs 1000 per kg by month end.

(Commodities Control Bureau)



       
  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 :  
   

Top | Post Comment  

Latest Market Commentary
Red Chilli Prices Nearly Steady at Warangal Mandi
Spot Coriander Steady amid Subdued Demand, Steady Arriv...
Spot Turmeric Prices Steady Amid Reduced Arrivals; Mixe...
Jeera: Spot Arrivals Crack Lower for Second Straight Se...
Spot Jeera Prices Declined Tracking Weak Futures, Firm ...
more
Top 5 News
Guar Gum Firms Up In Jodhpur, Jaipur, Trade Was Thin On...
Sugar Prices Stable, Market Looks For Support through P...
Wheat Prices Down In Delhi, Bareilly, Mills Were Not Wi...
Musterd Crosses Rs. 5500/Q in Jaipur On Strong Buying, ...
CCI’s Global E-Tender For Cotton Export, Bigger Crop Ah...
Top 5 Special Reports
USD/INR (Sep ‘20) – Needs to Surpass Resistance at 74.2...
USD/INR (Sep ‘20) – Needs to Surpass Resistance at 74.2...
USD/INR (Sep ‘20) – Needs to Surpass Resistance at 74.2...
USD/INR (Sep ‘20) – Needs to Surpass Resistance at 74.2...
Weekly: Urad, Masoor, Chana Gain Most This Week, Moong ...
Copyright © CC Commodity Info Services LLP. All rights reserved.