New Delhi, April 01 (Commodities Control): Small cardamom prices have demonstrated a notable recovery in major markets, driven by strong demand despite increased arrivals. Prices have surged, supported by robust demand at comparatively lower price levels, amid heightened volatility in recent trading sessions.
The average price per kilogram has witnessed a significant uptick, climbing from Rs 1,518-1,530 in the previous session to Rs 1,620-1,643. Notably, the maximum price per kilogram has escalated from Rs 1,946 to Rs 2,200. This surge marks a significant milestone as average prices have surpassed the Rs 1,600 per kilogram threshold after a prolonged period.
Arrivals have seen a notable increase, with 92,399 kg reported higher compared to the previous session's total of 79,384 kg. Similarly, off-take has surged by 91,464 kg compared to 78,607 kg previously, with a reported off-take rate of 99%.
Grade-specific rates appear stable, with prices ranging from Rs 1,560 to Rs 1,650 per kg for 7 mm grades, Rs 1,700 to Rs 1,740 per kg for grades 7-8 mm, and Rs 2,000 to Rs 2,140 per kg for grades 8 mm and higher.
In parallel, the Ministry of Commerce released EXIM data for January, indicating a significant 73% decrease in imports, primarily attributed to a notable decline in imports from Nepal, totaling 448 MT. Conversely, exports witnessed a notable 27% increase, totaling 1,001 MT.
(CommoditiesControl Bureau; +91-9820130172)
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