Short covering lifts cardamom futures; pepper rose

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Cardamom

Auction Summary (All prices in Indian Rupee and all weights in kg)

Day Auctioneer Lots Qty Arrived (Kgs) Qty Sold

(kgs)

Max Price/kg Avg Price/kg
Mon Idukki Dist. Traditional Cardamom Producer Company Ltd. 74 10455 10455 914 664.29
Tue South Indian Green Cardamom Company Ltd, Kochi 242 47413 47413 960 696.05
Tue Header Systems (India) Limited, Nedumkandam 271 52070 52002 938 675.66
Wed Vandanmedu Green Gold Cardamom producer Co Ltd. 159 26540 26540 905 699.88
Wed Sugandhagiri Spices Promoters & Traders Pvt Ltd. 215 35805 35805 890 701.92

Maximum price for the spice was quoted at Rs. 905 per kg on Wednesday.

Cardamom prices at MCX June contract traded firm due to short covering from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 838-848 and either side break out will give clear direction to the prices.

India Futures Scenario

MCX Futures ( Jun contract, INR)
Day Open High Low Close
Mon 818.4 839 817 836
Tue 845 845 823.2 833.5
Wed 832 847 825.4 844.6

Pepper

Spot Update Current Week

Kochi IPSTA Idukki Spot Update
Day Garbled (Rs per kg.) Ungarbled (Rs per kg) Arrivals (tons) Off-take (tons) Spot (Rs.) Arrivals

(tons)

Mon 0 0 0 0 615 10
Tue 0 0 0 0 610 2
Wed 0 0 0 0 615 2

Spot pepper prices rose to Rs 615 per kg on Wednesday.

No trade executed in NMCE Pepper on Wednesday.

– – Commodity Online

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