Cardamom Daily Price

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Official spaces board published result for cardamom daily price

Traders from numerous places including Gujarat, Maharashtra and Bodinayakkannur in Tamil Nadu take part in the auction. Smaller growers have their produce sent to depots located in various places. These auctions give people a chance to inspect the spice and then bid immediately for it. An E-auction was introduced by the Spices Board of India that has helped buyers and sellers connect in a faster and more transparent way. In the E-auction, each bidder is unaware of the prices quoted by the rival bidder, thus ensuring healthy competition and fair price for the produce. On average, 300 tonnes of produce is sold and peak seasons see up to 600 tonnes being sold.

find out here of actual cardamom daily price in India official spices board web site published daily.

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Farmers have not benefited from the current price rise as it happened between the end of a harvesting season and the beginning of a new season. All most all them sold their produce last season as the prices were on the decline. Moreover, they cannot store cardamom for long as it would affect the quality