The forecast for small cardamom is anything but straightforward, as rainfall remains below average in key producing states, casting shadows of doubt on its future. Heavy rains that swept through regions like Kerala have left a trail of concern, fearing potential damage to the delicate crop. Yet amidst these stormy skies, a glimmer of hope emerges with the increasing arrival of small cardamom in auctions, hinting at a possible uptick in the market.
The sun now graces the Kerala landscape, offering a reprieve from the earlier heavy monsoon downpours that wreaked havoc, flooding areas like Idukki. Still, small cardamom’s fate remains uncertain, with anxieties surrounding potential crop damage lingering like a persistent mist. The extent of this possible loss remains veiled, leaving farmers and traders on edge.
In the dance of market dynamics, small cardamom moves as arrivals increase in auctions. The stage is set for producers to take the lead, engaging in heavy selling that bolsters the arrival numbers beyond the norm. What were once worries of reduced small cardamom production now appear to be mere spectres, as the recent auction saw arrivals surging to a remarkable 75,069 kg.
In the grand symphony of small cardamom exports, a bitter note resounds. The Spices Board’s data reveals a significant drop in exports for the first two months of the financial year 2023-24. The export quantity stands at a mere 738.82 tonnes, a sharp contrast to the 2101 tonnes witnessed during the same period the previous year. Challenges abound in small cardamom exports, playing a sombre tune. As the small cardamom market navigates uncertain skies, one thing is sure – its journey holds intermittent highs and lows, according to market whisperers.
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