Mumbai, September 20 (Commodities Control): Small cardamom prices have seen a notable increase, driven by concerns over crop yields. In the past 3-4 sessions, prices have risen sharply, with reports indicating that early harvested crops are yielding less than anticipated. This drop in yield is compounded by poor crop quality due to excessive rainfall and insufficient sunshine, a situation likely to persist throughout the season.
According to auction data, the average price per kilogram today ranged between Rs 2,403 and Rs 2,406, reflecting a rise of 50-60 rupees from yesterday's range of Rs 2,341 to Rs 2,353. The highest price recorded per kilogram increased to Rs 2,837, up from Rs 2,802 in the previous session.
Today's arrivals were significantly higher, totaling 87,976 kg compared to 67,509 kg in the prior session. Of the total arrivals, offtake also increased to 83,529 kg from 66,565 kg, attributed to a greater quantity auctioned. However, the offtake percentage fell to 94.9%, down from 98.6% last session, indicating that demand was average.
Grade-specific prices have seen slight increases after remaining stable for 12-15 sessions. Current prices are as follows:
- Grades 7 mm: Rs 2,200 to Rs 2,280 per kg
- Grades 7-8 mm: Rs 2,420 to Rs 2,550 per kg
- Grades 8 mm or higher: Rs 2,680 to Rs 2,820 per kg
With prices trending upward over the past few sessions, the lower-than-expected yields are likely to provide ongoing support. However, as harvesting progresses, increased arrivals could temper any aggressive price gains in the near future.
(By CommoditiesControl Bureau; +91-9820130172)
0 Comments 
Post Comment 
