Market sources said prices had been almost steady during the last month. Prices are mainly determined by domestic demand especially from north Indian markets. | |
Best quality new crop (7-8 mm bold) was fetching a price of Rs 225 a kg while average sized cardamom was quoted at Rs 175 with the lower grades priced at Rs 125. Prices dropped by Rs 75-100 a kg on an average last season over the preceding season. Increase in production had mainly caused the dip.
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It is estimated that total production in the last season was to the tune of 15,000 tonne. But estimates of the Spices Board peg output to be 12,500 tonne.
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Traders said the old stock is fetching lower prices and with the 30 per cent 8 mm bold best grade fetching Rs 200 a kg. The average grades have a price tag of Rs 170-175.
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Traders said that of the fresh crop arriving to auction centres 15-20 per cent is 8 mm bold grade. They also expect prices to rise in the new season on increased demand from north India.
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