Cardamom price has hit new heights breaking records yet again. The spice fetched Rs 5,734 per kg in an e-auction held by Vandanmedu Mass Agencies at Puttady Spices Park on Saturday. A total of 15,857 kg cardamom was sold at the auction.
Prior to this, the highest bid ever for cardamom was Rs 5,000 per kg at the auction by South India Ltd on June 20. Also the average price has increased. Rs 3412 was the bid for cardamom in the auction of Nedunkandam Header Systems India Ltd on Saturday morning where the average price was Rs 3067.3 per kg.
The average price bid in the auction of Mass Agencies increased to Rs 3154.14. The high bid is for cardamom selected as first quality (above 8+ bold). However, the farmers never get this huge price.