Saturday, February 14, 2015

5th Large Cardamom auction averages Rs. 1,688/kg

The 5th auction of Large Cardamom for the year 2014-15 was carried out on 11 February at the Spices Board’s Auction Centre at Singtam. The 2897.4 kgs put under the hammer on the day fetched an average of Rs. 1,688 per kilo [Rs. 67,520 per mound], and as per CS Ghatani, Assistant Director, Spices Board, Singtam, the cardamom growers were satisfied with the auction and have assured to bring their produce for future auctions.
As per Spices Board, a total of 2,991.30 kgs of Large Cardamom was put to auction, of which 93.90 kg was withdrawn.
The highest price for the day was Rs. 1,740 per kg offered for the clean bold Bharlangey variety of Large Cardamom from Regu, East Sikkim. The lowest bid was Rs. 1645 per kg [Rs. 65,800 per mound].
Dilip Kumar Jha from PC Jain & Sons, Siliguri, Manjit Challani from Gangtok and other leading Large Cardamom dealers from Singtam participated in this auction, the Spices Board informs.
The Spices Board has appealed to farmers to ensure maximum arrival of cardamom to the Auction Centre to attract the bidders from outside the state. This would help encourage healthy competition and allow the farmers to get premium price of their produce, Mr. Ghatani highlights.

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