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

Small Cardamom Prices Stable at Four-Month High Amid Strong Demand

8 Nov 2024 8:06 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, November 8 (Commodities Control): Small cardamom prices have reached a four-month high and are holding steady, fueled by strong demand despite a significant drop in arrivals. The initial picking yields were notably lower due to last year’s severe weather impacts, including drought, landslides, floods, and heavy rainfall.

At today’s auction, the average price per kilogram stood at ₹2,495, up from the previous range of ₹2,477 to ₹2,503. However, the maximum price saw a slight dip, decreasing from ₹2,780 to ₹2,748 per kg.

Today’s auction, held at a single center, recorded a total auction volume of 50,302 kg—down from 105,796 kg in the previous session. Offtake totaled 50,090 kg, compared to 104,499 kg last session, reflecting the reduced auction volume. The offtake rate rose to 99.4% this session from 98.8% previously, highlighting sustained demand.

Grade-specific prices also showed stability after recent gains. Cardamom measuring 7 mm is priced between ₹2,250 and ₹2,300 per kg, while 7-8 mm grades range from ₹2,450 to ₹2,560 per kg. Premium 8 mm grades or larger are fetching between ₹2,760 and ₹2,880 per kg.

After trading within a narrow band over the past 10-12 sessions, prices have now broken through the upper range. Due to robust demand and limited supply, cardamom prices are expected to remain elevated in the near future.


(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
New Tur Arrivals Begin in Madhya Pradesh, Prices Under ...
Market Wise Chana Arrivals: Supply Down By -8.03% Again...
Market Wise Tur Arrivals: Supply Up By 9.55% Against P...
Market Wise Matar Arrivals: Supply Down By -39.39% Aga...
Market Wise Masur Arrivals: Supply Up By 17.75% Against...
more
Top 5 News
ZCE Cotton And Yarn Evening Closing - 03 DEC 2024
DCE Oil Complex Evening Closing - 03 DEC 2024
Small Cardamom Prices Decline as Arrivals Continue to E...
Clove Prices Remain Stable Amid Limited Supply
Domestic and Vietnamese Pepper Prices Continue to Climb...
Top 5 Special Reports
Weekly: Sugar Prices Decline Amid Weaker Brazilian Real...
Weekly: ICE Cotton Futures Log Second Weekly Gain on St...
EDIBLE OILS PORT STOCK AS ON : 29 Nov 2024
U.S. Cotton Sales Surge for 2024/2025 Marketing Year, L...
U.S. Soybean Export Sales Reach Marketing-Year High Ami...
Copyright © CC Commodity Info Services LLP. All rights reserved.