Monday, December 1, 2014

Large Cardamom auction fetches Rs. 1,620 per kilo average price for Sikkim produce

GANGTOK: The 2nd Auction of Large Cardamom for the year 2014-15 was held at Singtam on 26 November and conducted business to the tune of Rs. 25,83,371 for the nearly 1,600 kg put to the gavel on the day. The auction was conducted by NERAMAC Ltd and Large Cardamom growers from Hee Gaon in West Sikkim received the highest price of Rs. 1,675 per kg (Rs. 67,000 per mound) for the clean bold Seremna variety brought by them to the auction, an official press release informs. The Bharlangey variety brought by growers from South Regu, East Sikkim, went for Rs. 1,650 per kg. (Rs. 66,000 per mound), which, it is informed, was higher than the prevailing market price of the day. Even inferior quality large cardamom went for Rs. 1,525 per kg. On final tally, the average price received at the auction was Rs. 1,620 per kg (Rs. 64,800 per mound).
Omprakash Challani from Gangtok, Raghubir Prasad and other leading Large Cardamom dealers from Singtam participated in the auction, it is informed.
The 3rd Auction of Large Cardamom for the year at Singtam has been fixed for 17 December, 2014.

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