Tight cardamom supply fetches record prices

摘要

The individual auction average price of cardamom hit a record high of Rs 1,421 a kg last week on tight supply amid good demand. Non-availability from other sources coupled with moderate growth in domestic demand has pushed up the prices, trading sources told Business Line. Supplies from the other major producer, Guatemala, were limited last year due to poor crop because of unfavourable weather. Total arrivals at the Sunday auction conducted by the Kerala Cardamom Processing and Marketing Cooperative(KCPMC) were 16 tonnes and the entire quantity was sold.