Kerala s festive season adds flavour to cardamom - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
May 27, 2021
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Arrival of around 1,000-1,500 tonnes of cardamom valued at ₹100 crore to the trading centres has been blocked
Cardamom planters are keeping their fingers crossed over the suspension of e-auctions in Puttady in Idukki and Bodinayakkanur in Tamil Nadu by the Spices Board, as it temporarily put an end to a price discovery mechanism for the crop.
“How the prices of cardamom will be determined in the absence of auctions is the query raised among the trading fraternity”, a leading auctioneer in Puttady told
BusinessLine, adding that 95 per cent of the farmers are depending on auctions to get a fair price for their produce and they lost an avenue for sale. The source also pointed out that farmers are not in a position to fix a price and the closing average in the last cardamom auctions a fortnight back was ₹950 per kg.
Second Covid wave affects spices trade in Kerala, pepper loses steam
April 21, 2021
Cardamom witnessed a decline of ₹400 per kg Kerala’s spices trade – especially pepper and cardamom – has started bearing the brunt of the second Covid-19 wave with reported decline in prices for both the commodities following a subdued upcountry demand.
Pepper prices dropped by ₹8 per kg in the last three days with the average price falling to ₹384, while cardamom witnessed a decline of ₹400 with rates reaching ₹1,100 from ₹1,500 a fortnight ago. This is one of the lowest prices, raising a concern among cardamom trade on the possibility of a further drop.