Mumbai, December 02 (CommoditiesControl): Small cardamom prices have continued to rise, reaching a new four-and-a-half-year high, driven by a scarcity of supply caused by crop failure. In today’s session, prices surpassed Rs 3,000 per kilogram, fueled by lower-than-expected yields due to weather anomalies, with the first harvest arriving earlier than usual.
The latest auction data revealed an average price range of Rs 2,999 to Rs 3,052 per kilogram, compared to the previous session's range of Rs 2,962 to Rs 3,000. The maximum price in today's auction reached Rs 3,306 per kilogram, up from Rs 3,162 per kilogram in the previous session.
Arrivals today totaled 111,454 kg, which was lower than the 121,353 kg recorded in the previous session. However, this marked the third consecutive day of arrivals exceeding 1 lakh kgs. Despite the reduced volumes, the offtake dropped from 120,772 kg to 107,425 kg, with the offtake percentage declining from 99.5% to 96.4%, reflecting continued strong demand for cardamom.
In terms of bulk grade pricing, specific grades saw price increases of Rs 40-60 per kilogram. The price for 7 mm grades ranged from Rs 2,660 to Rs 2,820 per kilogram, while 7-8 mm grades were priced between Rs 2,880 and Rs 2,960 per kilogram. For grades 8 mm and above, prices ranged from Rs 3,100 to Rs 3,340 per kilogram.
With demand remaining robust and supply constrained due to both crop failures and limited imports, prices are expected to continue rising in the near term. This upward trend is likely to persist as the ongoing supply shortages drive prices higher.
(CommoditiesControl Bureau; +91-9820130172)
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