Spices Board places cap on cardamom pooling in e-auctions

Spices Board places cap on cardamom pooling in e-auctions

by admin- Friday, February 4th, 2022 07:31:36 AM

The measures were taken to safeguard growers interest and arrest fee drop
Spices Board has come to the useful resource of cardamom growers to arrest the dip in prices. To shield the growers’ hobby , the Board has taken a few interim measures through incorporating positive modifications in e-auction machine.

The most amount accredited for pooling of cardamom for an e-auction by a certified auctioneer is now restrained to sixty five tonnes for an preliminary duration of four weeks.
The pooling of cardamom by way of licensed sellers is restricted to 30 consistent with cent of the total pooling scheduled public sale during this era.

The desirability of continuing with those modifications would be evaluated after 4 weeks and similarly change required, if any, for the enterprise’s betterment could be decided by the Board after discussions with all the stakeholders. All the certified auctioneers are directed to conform with the situations for accomplishing the e-auction.

It may be recalled that the Board had convened a assembly with the farming community once they sought the intervention of the authorities to place a cap on cardamom arrivals inside the auctions due to price drop.

“Let’s be patient” is the comment from C. Sadasivasubramaniam, secretary, Kerala Cardamom Growers Union when asked at the meantime measures taken to arrest the price drop. Sadasivasubramaniam, who relentlessly hostile against re-pooling of cardamom in auctions, says that “such a pass from the Board have to have been initiated at some point of the season in Aug-Sep-Oct itself whilst the charges and call for changed into on the better aspect”.

Growers, he said, have repeatedly sought Board’s intervention to place a cap on auctions supplied quantities as majority are re-pooled inventory impacting the enterprise badly. Today, costs have dropped drastically among ₹800-850, whilst the production fee is hovering at ₹1,000. Many small scale growers are locating it problems to renovation their plantations because of losing expenses, he delivered.

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