Cardamom trades mixed on profit booking; trend likely to continue; pepper steady

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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
Sat Green House Cardamom Mktg.India Pvt. Ltd 207 23925 23465 852 636.63
Sat Mas Enterprises, Vandanmettu 265 47173 45341 942 658.64
Mon Idukki Dist. Traditional Cardamom Producer Company ltd. 179 28531 28531 990 651.23
Mon Cardamom Planters’ Association, Santhanpara 147 18073 16534 803 631.3
Tue South Indian Green Cardamom Company Ltd, Kochi 282 50793 50311 1001 640.74
Tue Header Systems (India) Limited, Nedumkandam 292 52603 51057 998 639.11
Wed Vandanmedu Green Gold Cardamom Producer Co Ltd. 136 23699 22621 918 651.9
Wed Sugandhagiri Spices Promoters & Traders Pvt Ltd 221 33034 32688 903 656.43
Thu The Kerala Cardamom Processing and Marketing Company Limited, Thekkady 189 38219 38219 922 647.31
Thu The Cardamom Planters’ Marketing Co-operative Society Limited 246 47797 47797 965 648.87

Maximum price for the spice was quoted at Rs. 965 per kg on Thursday.

Cardamom prices at MCX Aug contract traded with mixed sentiments 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 812-825 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 820.2 832 816.1 824
Tue 820 845 820 845
Wed 844 851 835 843.8
Thu 842.1 869.7 842.1 869.5

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

Spot pepper prices steady at Rs. 650 per kg on Thursday.

No trade executed in NMCE Pepper on Thursday.

– Commodity Online

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