Cardamom futures likely to continue downtrend; pepper prices rose

0
598

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
Sat Green House Cardamom Mktg.India Pvt. Ltd 221 28279 28279 963 701.18
Sat Mas Enterprises, Vandanmettu 254 40037 38727 998 696.23
Mon Idukki Dist. Traditional Cardamom Producer Company ltd. 134 22042 22042 912 697.61
Mon Cardamom Planters’ Association, Santhanpara 151 18233 17165 843 684.46
Tue South Indian Green Cardamom Company Ltd, Kochi 306 53648 53648 1009 695.18
Tue Header Systems (India) Limited, Nedumkandam 268 48907 47782 898 680.95
Wed Vandanmedu Green Gold Cardamom Producer Co Ltd. 196 31064 30785 982 678.2
Wed Sugandhagiri Spices Promoters & traders Pvt Ltd 253 44650 43460 884 670.55
Thu The Kerala Cardamom Processing and Marketing Company Limited, Thekkady 170 30303 30303 890 649.6
Thu The Cardamom Planters’ marketing Co-operative Society Limited 221 41861 41861 907 672.73

Maximum price for the spice was quoted at Rs. 907 per kg on Thursday.

Cardamom prices at MCX July contract traded down due to profit booking from traders. This trend is likely to continue in next trading session as well. Trading range for next trading session is seen between 822-838 and either side break out will give clear direction to the prices.

India Futures Scenario

 

MCX Futures ( Jul contract, INR)
Day Open High Low Close
Mon 831.1 834.8 812.7 826.9
Tue 805 846 805 842
Wed 850 850 826.8 831.5
Thu 829.4 835 821.6 826.7

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 0 640 3
Tue 0 0 0 0 650 5
Wed 0 0 0 0 650 3
Thu 0 0 0 0 660 2

Spot pepper prices rose to Rs 660 per kg on Thursday.

No trade executed in NMCE Pepper on Thursday.

– Commodity Online

LEAVE A REPLY

Please enter your comment!
Please enter your name here