Small cardamom gained on decline in arrivals at auctions held in Kerala and Tamil Nadu.

Delayed arrival of south west monsoon in the cardamom growing regions has delayed the harvesting and that in turn has resulted in thin supplies, according to market sources.

Meanwhile, upcountry buyers, by and large, are said to be still faced with teething troubles of the GST and until they are able to get into the track the demand is likely to remain limited, P C Punnoose, General Manager, CPMC told Business Line .

At the same time, export enquiries are there but availability of exportable grade material is tight. The required size of capsules will start arriving only from the second round of picking which will begin from mid-August, he said.

Last week, arrivals dropped to 170 tonnes from 191 tonnes the previous week.

The weekly auction average moved up to ₹879.50 a kg from 862.01 the previous week.

Individual auction average crossed ₹900 a kg level last week week and was vacillating between ₹827 and ₹943 a kg.

Total arrivals during the current season up to July 7, 2017 were at 19,396 tonnes and the sales were at 18,452 tonnes.

Individual auction average for the season as on July 7 was at ₹1,094.04 a kg.

According to Ranganathan, a Bodi-based dealer, the prices have moved up by ₹50 per kg from that of June 30, the last pre-GST trading day.

Prices today at Bodinayakannur, the main trading hub for the aromatic spice, were (in ₹/kg) : 8mm bold 1,325; 7 -8mm 1,150; 6-7mm 925 ; below 6 mm 825.

The weather conditions were favourable with intermittent south west monsoon showers in the growing regions, growers said.

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