Muted demand for cardamom

Muted demand for cardamom

by admin- Friday, March 13th, 2020 07:41:25 AM

Subdued demand appears to have triggered cardamom shoppers to wait and watch. This is clear from the lower customer participation, particularly from upcountry markets inside the auctions held at Bodinayakanur on Thursday.

Prices dropped by way of ₹50 drop across all categories. The virus danger is also a contributing to weak demand and there was simplest need-based totally buying, traders said. Exporters are also inactive in the marketplace especially due to cancellation of flights, buyers stated.

However, a alternate in weather sample with none indication of summer showers in cardamom growing regions boosted sentiments. This is anticipated to elevate prices, traders said.

The general amount presented inside the buying and selling classes become 50.Five tonnes in which the common price realised turned into ₹2,644.

The auctioneers Sugandhagiri Spices Promoters and Traders supplied 23.Three tonnes of 145 plenty in which the common fee realisation became ₹2,643. The highest fee quoted for selected lots was ₹3,265. In the night session, Spice More Trading Company, Kumily offered 27.2 tonnes of 142 plenty which realised a median price of ₹2,644. The maximum charge quoted for selected lots become ₹3,415.

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