Login ID:
Password:
Partner Login
Contact Us : 7066511911

Cardamom Prices Hold Steady in Key Markets Despite Softening Demand

7 Dec 2023 9:09 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, December 7 (CommoditiesControl): Cardamom prices maintained overall stability in major markets, holding above Rs 1,500 per kg following two consecutive sessions below this mark. Despite this steadiness, on-the-ground observations suggest a sluggish export demand and a modest rise in domestic demand, exerting a mild downward influence on prices.

Comparing with the previous session, the average price per kilogram edged up from Rs 1,512-1,552 to Rs 1,519-1,548. However, the peak per kilogram price experienced a dip from Rs 2,688 to Rs 2,436. The conclusion of the third picking phase is contributing to a consistent arrival rate.

According to market reports, grade-specific rates have held firm. The cost for 7 mm grades is reportedly ranging between Rs 1,500 and Rs 1,560 per kg. Grades 7-8 mm are priced between Rs 1,720 and Rs 1,800 per kg, while grades 8 mm and higher are positioned in the Rs 1,960-2,060 per kg range.

Total arrivals stood at 140,182 kg, nearly identical to the previous session's total of 140,450 kg. The offtake totaled 136,592 kg, representing a decrease from the preceding session's 138,300 kg. The daily offtake percentage dropped from 97.4% to 98.5% compared to the previous session.

Despite reports of modest export demand and Northern India's demand, which is lending support to prices, there is an anticipation of an upswing in demand in the near future, contributing to the maintenance of prices in the short term.








(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 :  
   

Top | Post Comment  

Latest Market Commentary
Domestic and Vietnamese Pepper Prices Maintain Stabilit...
Small Cardamom Prices Continue to Rise; Mixed Cues for ...
Cumin Prices Continue to Rise for the Second Consecutiv...
Turmeric Spot Prices Show Mixed Trend Amid NCDEX Future...
Chilly Prices Witness Mixed Trends in Major Markets
more
Top 5 News
ICE/ZCE Daily Rates Update ( Time: 20:19 ) - 01 MAR 202...
DCE Daily Rates Update ( Time: 20:18 ) - 01 MAR 2024
Market Wise Urad Arrivals: Supply Up By 5.6% Against Pr...
Market Wise Tur Arrivals: Supply Down By -1.07% Against...
Market Wise Moong Arrivals: Supply Up By 32.61% Against...
Top 5 Special Reports
US soybean net sales for Feb 16-22 at 159,700 MT, up no...
US cotton net export sales for Feb 16-22 at 40,000 RB, ...
Black Matpe (Urad) SQ Burma (CNF$) Inflection Point: ...
Rice Bran Refined Oil (Ludhiana) Trending Lower / Nex...
Lentil (Masoor) Indore MP Correction Underway / Next ...
Copyright © CC Commodity Info Services LLP. All rights reserved.