support@dailyagronews.com      +91-8484924178

Cardamom arrivals improves at the auctions

Cardamom arrivals improves at the auctions
By: Agribusiness Posted On: February 14, 2020 View: 8

Cardamom arrivals improves at the auctions

After witnessing lower arrivals in the last few days, the offered cardamom quantity in the auctions has started showing sizeable improvement. It is at 67 tonnes in Bodinayakanur on Friday.

However, traders are keeping their fingers crossed over the low participation from buyers, mostly because of a cash shortage in the market. The main buyers now are upcountry and few local buyers. The traders hope for the the market to become stable in the auctions today.

It is pointed out that the increased arrivals on Thursday had affected the sentiments, bringing down the prices. Also, lesser arrivals are an indication of the end of the harvest season. But a sudden increase in the quantity offered has forced the market participants to believe that planters still have enough stock to liquidate.

The quantity on offer in the morning session was 15 tonnes and the auctioneer was Green House Cardamom. In the afternoon trade, the auctioneer South Indian Green Cardamom Company offered 52 tonnes.    

Trade analysts Acumen Capital Markets Ltd said that cardamom March futures fell by 3.56 per cent or ₹125.3 to ₹3,391.80 when closed on Thursday. The March futures price is showing some weakness on the daily chart.

  Contact Us
  Dailyagronews.com.

Botawala Chambers , Fort-Mumbai

Tel : + (91) - 8484924178
Mail : support@dailyagronews.com
Business Hours : 9:30 - 5:30

  About

Dailyagronews is a dedicated platform for Exclusive Agriculture News , Now stay in touch with latest happenings in Agriculture . This site is a work of team of technocrafts wanted to help the farming community by contributing something helpful to them. Join this unique platform by contributing the agro news , we will be happy to make it viral