India – Will Cardemom continue to sell at a good price?

Cardamom varieties experienced a price increase last week. Afterward, the prices have remained between steady and weak.

The month started with a price fall, but gradually it recovered and stabilized.

Market Sentiment 

• The price of Cardamom was favorable in the market for two primary factors:
  • The less selling of the product due to the lowering of the prices
  • The short-selling that took place for the subdued pricing.
• The fifth picking round for the crop is likely to start on February 15.
• The increase in the supply of Cardamom from Kerala despite the crop damage due to rain, is capping the prices of the spice in the market.
• It has been reported that the arrival of the crop stands at 7,851 tons in the market, which is down by 11.06 percent compared to last year during the same period.
• Both stockists and planters are holding on to their stocks as the prices have gone down compared to last year during this time.
• India is producing 30,000 MT cardamom this year compared to last year’s figures of 23,000 MT, and this will cap the prices in the market for the crop.

Prediction 

• With expected good yield, the pressure on the selling price of small Cardamom is likely to continue at the auction centers.
• With the easing of travel bans, one can hope the export demand will pick up, which might help increase the cardamom prices for the future despite the increase in crop production.
• How the market will be shaping for the year 2022 for Cardamom is still to be seen.

Price Trend

Green Cardamom 8 mm

For more information, facts and figures, become a member. Click here.

Related posts:

Spice Board of India Declared Spices Production Production of spices in India is likely to have risen 3.5% on year to 10.5 million ton in 2020-21 (Jul-Jun), according to data from Spices Board India. India adopting advanced system for Farmig Mobile app launched to help cardamom farmers for effective soil management Weekly Overview of the Indian Cumin, Coriander, Cardamom and Sesame market The comprehensive report of cumin, coriander seeds, cardamom and sesame gives a 360-degree overview of the marke Indian Cardamom’s Price & Production Expected to be Increased Mixed but Steady Trend in Indian Spices Green Cardamom Indien: Why Indian Green Cardamom Dropped 23% to 25% Can India overcome the sluggish domestic demand in cardamom with higher exports? India : Cardamom E-auctions resumes after 50 Days