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Lower arrivals to hold cardamom prices steady

Traders foresee a secure sector in Bodinayakanur on Tuesday, as restricted arrivals and top quality capsules had a favourable effect on the previous day’s auction.

Even so, declining selling prices do not feel to have enthused exporters. In accordance to traders, exporters are looking at capsules of seven-8 mm quality the capsules currently obtainable in bulk are below seven mm.

They pointed out that the plantations had adequate stocks of export quality capsules and would liquidate the exact same at the ideal time. The growers were in wait around and view mode, traders said.

Study also: Virus scare dampens cardamom profits

In the meantime, the cardamom rising locations have begun obtaining summer months showers, which is critical for the survival of the plants, traders said.

Trade analysts, Acumern Money Markets, said April futures fell by one.21 for each cent or Rs thirty.80 to Rs 2,510, when it was very last traded on Monday.