AGRI SHOP

Farming News


Slew of factors buoy cardamom sentiment; prices set to soar

At Bodi auctions, rates go up to ₹2,525/kg

The absence of carry-over stocks, last year’s production loss and anticipation of a delayed production this year have boosted the sentiment in the cardamom auction market.

The average price at the auction conducted by CPMC Ltd at Spice Park in Bodinayakkanur in Theni district in Tamil Nadu on Friday went up to ₹2,525/kg on a total arrival of 24,197 kg. The price trend is positive as there is not much quantity of cardamom coming to auctions, PC Punnoose, CEO, Kerala Cardamom Processing and Marketing Company, (CPMC) told BusinessLine. Prices, which are going up in the last one week, are expected to continue as there is no carry-over stock either with farmers or traders.

The shortage of North-East monsoon and deficient summer showers have delayed flowering and fruit settings in most of the plantations. The sector was expecting a fresh harvest in June, but there would be a 60-day delay, which in all probability would be in August only. The intensity of drought this year has also affected fruit settings, he said.

Considering all these factors, he said, the production this year would not surpass the last year’s figure of 20,000 tonnes or it would be on par or even less than in last year. Attributing the reasons for lower production to natural vagaries, Punnoose said there was a 20-25 per cent drop in the total plantation area of 75,000 hectares. Small and marginal farmers are the worst hit due to drought and floods and they have to replant the area, which can lead to a lower production.

According to market estimates, the crop may fall by 7,000 to 8,000 tonnes in 2019-20 (July-June), the lowest in two decades. Anu V Pai, Research Analyst, Geojit Financial Services Ltd, said that the farm ministry’s second advance estimates see a total cardamom output at 22,000 tonnes this year against 28,000 tonnes in the previous year. Gautemala, the world’s largest producer and exporter of cardamom, is reported to have produced 30,000-32,000 tonnes in 2018-19, a tad lower than in 2017-18.

Concerns over production, unfavourable weather and forecasts of smaller output from Gautemala in the current marketing year of 2018-19 have propelled a rally in cardamom prices. The adverse weather in the major growing regions is turning out to be a weighty factor influencing the price. Generally, it is said that output expectations for the next harvest season depend upon the summer rains which are necessary for good yields as growth of new offshoots, flowering and seed formations happen that time, Pai said.

Farming News

  • Conditions favourable for advancement into central and western parts of India India's...
  • Conditions favourable for advancement into central and western parts of India India's...
  • Having totted up a rainfall deficit of 38 per cent with one full week to go, June...
  • The fields have been tilled, the soil is ready and now it’s a daily watch...
  • Planting of the oilseed gathers pace; higher prices lure farmers to plant more Even...
  • The Kaleshwaram Lift Irrigation Project, to harness the flood waters of the Godavari,...
  • Even as ‘Make in India’ slogan remains appealing, the edible oil industry...
  • Even as ‘Make in India’ slogan remains appealing, the edible oil industry...
  • Scientists have engineered wheat plants that utilise water more efficiently, and...
  • The tariff on US apples, at 70%, may benefit other grower countries such as Chile,...
  • A top US Senator has slammed President Donald Trump for “damaging” trade...
  • India’s grain production is vulnerable to climate change, say scientist who...
  • A growing export demand has necessitated Kerala’s pineapple growers to focus...
  • Prices of preferred non-basmati rice varieties such as Sona Masuri and Kolam have...
  • After a delay of a week, monsoon hit the Kerala coast on Saturday, marking the official...
  • Exports of oilmeal, which is used as animal feed, plummeted 78 per cent to 58,549...
  • Reeling under a drought year, the farm sector in Gujarat is facing increasing financial...
  • The government bears over ₹ 70,000 crore annually as subsidy to provide...
  • Parshottam Rupala and Kailash Choudhary also took charge as Ministers of State Narendra...
  • Edible oil industry has raised its demand for an export incentive even as the disparity...
  •  The India Met Department (IMD) has retained the ‘normal’ monsoon...
  • Fulfilling its poll promise, the Modi government approved a proposal to extend the...
  • Kerala's fruits and vegetable exporters have heaved a sigh of relief following...
  • The country exported 80,467 tonnes of activated carbon, valued at ₹1,123.64...
  • Spot prices at the Vashi wholesale market, naka and mill tender rates ruled...
  • Spot prices at the Vashi wholesale market, naka and mill tender rates ruled...
  • It is also expected to make an onset over Kerala on June 6, five days after its normal...
  • Growers fear up to 70% crop loss due to cold weather Faced with climatic adversities...
  • Realising that seaweeds have the potential to meet food and fuel needs of the growing...
  • International Rice Research Institute cultivates the grain fortified with Vitamin...
  • It is not just the onion and pomegranate farmers in Maharashtra who are facing a...
  • The uptrend in pulse seeds continued at the mandis in Indore on weak availability....
  • A volume of 13.39 lakh kg has been catalogued for Sale No: 21 of Coonoor Tea Trade...
  • ‘Wanted farmers’, says a Facebook advertisement. “Dear farmer,...
  • Non-governmental organisations (NGOs) working in the agricultural space are strongly...
  • India has agreed to initiate steps for a possible resumption of imports of apples...
  • Confined to shelters for long, cows end up suffering chronic stress levels, which...
  • IMD has forecast heavy rainfall over the Andaman & Nicobar Islands, while it...
  • IMD has forecast heavy rainfall over the Andaman & Nicobar Islands, while it...
  • IMD records 75.9 millimetres of rainfall from March 1 to May 15 Pre-monsoon rainfall...
  • The onset of the monsoon over Kerala is being delayed mainly by an ongoing suppressed...
  • Satellite pictures on Friday evening showed thunderstorm activity building up over...
  • With water storage in dams dropping to a “critical” level, the Centre...
  • Incentivising farmers who grow the extra long staple variety could help increase...
  • Robots are taking over farms faster than anyone saw coming. The first fully autonomous...
  • As India’s massive election enters its final stage, Prime Minister Narendra...
  • The monsoon is likely to hit Kerala on June 4, three days later than the normal onset...
  • Having inked contracts at much higher rates earlier, importers here are staring at...
  • Tur prices in the major markets of Maharashtra and Karnataka have moved up by about ₹1,000...
  • The National Bank for Agriculture and Rural Development (NABARD) on Monday announced...
  • Activists say the fight to establish farmers’ right to seeds will continue The...
  • It takes 2,515 litres of water to produce a kilogram of sugar in Maharashtra, according...
  • At a time when the capacity utilisation levels of textile spinning mills have been...
  • It is unclear what will prompt gold to decisively break above the psychological $1,300...
  • The US cotton output may swing back to the highest since 2005. The 2019-2020 US...
  • KOCHI: Shrimp production in the country, after showing a consistent growth in the...
  • S&P Dow Jones Indices is planning to launch an index for the global dairy industry...
  • The outbreak of Fall armyworm has affected maize cultivation in 122 villages. Mizoram...
  • Linking formal credit with insurance can improve financial inclusion, says expert Throwing...
  • S&P Dow Jones Indices is planning to launch an index for the global dairy industry...
  • The Cashew Export Promotion Council of India (CEPCI) has raised serious concerns...
  • Parts of Andhra Pradesh and Rajasthan have faced four droughts in the last four years...
  • The Haryana government has picked up samples of suspected Bt brinjal crop from a...
  • Shipments of basmati rice, the largest product in the country’s farm-export...
  • Greencover Overseas, a private enterprise, helps farmers in cultivating new varieties...
  • Vinson Kurian / PTI Cyclone Fani, an extremely severe cyclonic storm, barrelled...
  • 18 per cent water left in dams; 8.5 lakh cattle in fodder camps Drought has intensified...
  • Kochi: A group of paddy farmers in Kerala has taken the initiative to form an association...
  • LONDON: Experts from the UK and India have concluded that harnessing smartphone technology...

Social Responsibility

  • Corporate Social Responsibility

    20-Oct-2016   Admin

    Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society....

Associated Partners