Cardamom contracts ended higher for the fourth consecutive trading session on strong export demand. Meanwhile, the spot price showed a marginal fall compared to previous days. Major export firms were the active buyers in the auction center in Kerala. However, as per the latest updates from the leading cardamom planter in Kerala the cardamom production is expected to be at an all-time high this year due to better price received last year. Arrivals at the Wednesday’s auction stood at around 85 tonnes.
The maximum price was at Rs.914.50 ($18.51, €14.06, £11.77) per kg compared to Rs.1004 ($20.32, €15.43, £12.93) last day and the minimum was at Rs.433 ($8.76, €6.66, £5.57) per kg. Auction average price declined to Rs.643.51 ($13.03, €9.89, £8.29) per kg.