In the face of record arrivals, the small cardamom market demonstrates impressive resilience, with prices steady to slightly higher and underlying sentiment unwaveringly firm. At the most recent auction conducted by Sugandhigiri Spices Promoters & Traders Pvt. Ltd., a hefty 109,318 kg of small cardamom arrived on the auction floor—an indicator of robust post-harvest flows. Many market watchers anticipated a softening in prices under this pressure, but the opposite occurred. The average price edged up to USD 29.6/kg, and even the lowest-quoted lots fetched a confident USD 29.1/kg.
Active buying, especially from stockiest, suggests not just the absorption of heavy supply, but also heightened confidence in future pricing. According to both traders and analysts, supportive weather in India’s Kerala growing belt and a steady export appetite further underpin market stability. Despite the increased volume, the market’s brawny demand signals little possibility of imminent price correction. Based on these fundamentals, market participants expect the bullish undertone to persist in the short term.
Exclusive Offers on CMBroker

Cardamom powder
FOB 24.85 €/kg
(from IN)

Cardamom whole
green,7.5-8 mm
FOB 18.07 €/kg
(from IN)

Cardamom whole
green 6.0-6.5 mm
99%
FOB 16.30 €/kg
(from IN)
📈 Cardamom Prices at a Glance
Product | Type | Purity | Organic | Origin | Location (FOB) | Price (EUR/kg) | Prev. Price (EUR/kg) | Change | Update Date |
---|---|---|---|---|---|---|---|---|---|
Cardamom powder | – | – | Yes | IN | New Delhi | 24.85 | 24.73 | +0.12 | 2025-08-30 |
Cardamom whole | green, 7.5-8 mm | – | Yes | IN | New Delhi | 18.07 | 17.99 | +0.08 | 2025-08-30 |
Cardamom whole | green 6.0-6.5 mm | 99% | Yes | IN | New Delhi | 16.3 | 16.22 | +0.08 | 2025-08-30 |
Cardamom whole | green, 8 mm | – | No | IN | New Delhi | 24.31 | 24.19 | +0.12 | 2025-08-30 |
Cardamom whole | green 7-7.2 mm | – | No | IN | New Delhi | 22.09 | 21.99 | +0.10 | 2025-08-30 |
Cardamom whole | green 7.5 mm | – | No | IN | New Delhi | 23.51 | 23.4 | +0.11 | 2025-08-30 |
Cardamom whole | green 6.5-6.8 mm | – | No | IN | New Delhi | 21.14 | 21.04 | +0.10 | 2025-08-30 |
🌍 Supply & Demand Dynamics
- Arrivals: Heavy arrivals surpassed 109,000 kg in the latest auction, a significant physical supply.
- Demand: Remained robust; stockists and exporters steadily bought up available lots.
- Export Interest: Noted to be constant, lending additional price support.
- Market Sentiment: Stable to firm, with no panic selling observed.
- Price Action: Even amid plenty, prices have inched up, confounding bearish expectations.
📊 Fundamentals & External Influences
- Weather: Current monsoon conditions in Kerala remain broadly favorable for cardamom cultivation, supporting both yields and quality (See Weather Outlook below).
- Specs & Investors: No signs of speculative selling; physical players are dominant.
- International: Demand from the Gulf region and Asia continues to underpin the Indian and global cardamom market.
🌦️ Weather Outlook for Kerala Growing Regions
- Short-Term: Kerala’s Idukki and Wayanad districts have received adequate rainfall, ensuring healthy soil moisture for the next 1-2 weeks.
- Effect on Yields: Stable to marginally higher yields expected; no current reports of weather-related crop stress.
- Risks: Excessive rainfall or sudden dry spells can affect late-setting pods, but immediate risk appears low.
🌐 Global Production & Stock Overview
- India: Largest global producer, with Kerala at the center. Substantial recent arrivals and high seasonal stocks.
- Guatemala: India’s main global competitor; limited new supply reported, keeping the spotlight on Indian produce for now.
- Gulf/Asia Importers: Demand from UAE, Saudi Arabia, and Iran remains firm, offering strong export channels for Indian output.
📆 Trading Outlook & Recommendations
- 💡 For Exporters: Capitalize on stable prices and steady Gulf demand via forward contracts.
- 💡 For Stockists/Traders: Maintain moderate-to-full positions as physical market remains well-supported.
- 🔍 For Buyers: Enter in tranches; do not expect near-term price corrections barring weather shocks.
- 👀 Watch: Rainfall developments and export order flow in coming weeks.
⏩ 3-Day Regional Price Forecast (FOB New Delhi)
Product | Current Price (EUR/kg) | Forecast | Market View |
---|---|---|---|
Cardamom powder | 24.85 | 24.8 – 25.0 | Stable/Firm |
Cardamom whole (green, 7.5-8 mm) | 18.07 | 18.0 – 18.2 | Firm |
Cardamom whole (green 6.0-6.5 mm) | 16.3 | 16.2 – 16.4 | Stable/Firm |