Cardamom Settled Down -0.93% At 660.1

Cardamom settled down -0.93% at 660.1 on increased supply from the producing belts coupled with a drop in quality of the material. At Kochi market total arrivals are at 34495 kgs, lower by 54749 kgs from previous day’s arrivals. Exporters were active but could buy only around 60 tonnes of capsules. Meanwhile, north Indian dealers have slowed down buying saying they are holding huge stocks and until the inventories are depleted to some extend they won’t be buying. Total arrivals last week increased to 722 tonnes from 648 tonnes the previous week. 

The individual auction average vacillated between Rs. 520 and Rs. 580 a kg. This year has seen an increase in export demand for cardamom which could lift its prices. According to Spices Board of India, the first half of FY 2015-16 i.e. April 2015-September 2015, exports of cardamom in the country is increased by about 120 per cent i.e. 2,025 tonnes while exports in previous year at the same period was only 921 tonnes.

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