Cardamom On MCX Settled Down By -0.84% At 1015.4

Cardamom on MCX settled down by -0.84% at 1015.4 on slack demand amid increased arrivals at auctions held in Kerala and Tamil Nadu. As a result, the prices slipped by around Rs. 50 a kg within a week. Upcountry buyers were buying but not aggressively. Exporters have bought an estimated 40-50 tonnes. Arrivals last week moved up to 463 tonnes from 367 tonnes the previous week. At auction held by Cardamom Planters Association, Santhanpara, in Bodinayakannur 8.2 tonnes arrived and of this 6.5 tonnes were traded.

Maximum price stood at Rs. 1,008 a kg while the average dropped toRs. 877.95 a kg from 962.11 a kg the previous Monday. The individual auction average slipped last week to Rs. 941.41 a kg from 973.40 the previous week. Total arrivals during the current season up to May 13, 2017 stood at 17,130 tonnes and the sales were at 16,293 tonnes.

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