Business Daily from THE HINDU group of publications
Friday, Nov 17, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Spices & Condiments
Cardamom prices move up

G.K. Nair

Buying support from North

Kochi , Nov 16

Demand for cardamom from North India, especially Delhi, has started picking up slowly and it was evident from the Wednesday auction by the Cardamom Processing Marketing Company (CPMC) at Kumily where prices moved up by Rs 35 a kg.

The total arrival of 57 tonnes was sold out, Mr P.C. Punnoose, General Manager of CPMC, told Business Line.

Meanwhile, there was no export buying. For over a month, export buying has been of negligible quantity.

According to market sources at Bodinayakannur, Indian prices are said to be higher and hence, overseas buyers are not showing any interest.

Besides, the sources attributed the lack of interest to decline in demand from Japan following the reported decision of the Japanese authorities to be vigilant on the presence of chemical residues.

However, when contacted, Spices Board sources said there was no such intimation from Japan.

At the Kumily auction, the maximum price was Rs 467 a kg for 8 mm bold, while 7.5 mm fetched Rs 350 and 7 mm Rs 280-310. Current bulk was being sold at Rs 250-265.

Total arrivals as on November 15 was 2,739 tonnes, of which 2,441 tonnes were sold and the weighted average was Rs 321.18 a kg.

Against this, arrivals and sales during the same period last year stood at 3,532 tonnes and 3,302 tonnes respectively. The weighted average was Rs 231.98.

The prices of graded varieties were: AGEB Rs 370-380, AGB Rs 275-285, AGS Rs 255-265 and AGS 1 Rs 220-230.

The prices in the local market at Bodinayakannur were: AGEB Rs 350-360, AGB Rs 260-270, AGS Rs 245-255 and AGS 1 Rs 210-220; bulk was being sold at Rs 300-310.

The weather conditions in the growing areas both in Kerala and Tamil Nadu continue to be ideal for the crop.

More Stories on : Spices & Condiments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Wheat prices continue to scale new highs


Easterlies' impact felt on coastal TN
Of virus, seeds, patents, competition
Deriving the commodity advantage
Supply concerns emerge in rubber
Higher tea volume on offer at Coonoor sales
Tea prices rule easy at Coimbatore
Gold eases back on profit-taking
Rising zinc prices cause concern to steel units
Super Spinning plans foray into organic cotton cultivation
Swarnandhra jute mill begins production
Citigroup Venture to buy stake in K.S. Oils
Cardamom prices move up
Buying interest buoys pepper futures
In great demand
Flawed economic policies blamed for agrarian crisis
`Farm growth vital to reduce poverty'


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line