Persistent Robustness in the Large Cardamom Market
The large cardamom market, currently exhibiting notable robustness, is expected to maintain this trend. Analysts anticipate continued market strength, particularly in light of production challenges and elevated import prices. Adverse climatic conditions, however, have significantly influenced the market dynamics.
High Prices Amidst Challenging Production
Concerns over a marked reduction in large cardamom production are prevalent, mainly due to unfavorable weather conditions. Nevertheless, the market prices for large cardamom have remained significantly higher than average, prompting stockholders to proceed with caution. Additionally, import prices from Nepal, a critical contributor to the large cardamom market, are also high.
Latest Updates for Traders and Stakeholders
Regular updates on the large cardamom market are crucial for traders and stakeholders. Consequently, this report highlights the minimal arrival of the second harvest in major producing areas, which, similar to the first harvest, has been underwhelming. The likelihood of extensive crop damage due to the season’s adverse weather conditions, including temperature variations and pest infestations, suggests potential losses.
Price Trends and Auction In Market
Furthermore, recent market trends have indicated a slight increase in the price of large cardamom Jhundiwali. The current price stands at USD 16.08/16.20; EUR 14.35/14.48 per kilogram in the local wholesale grocery market. This section also delves into the latest auction data, offering insights into average auction prices and their market implications.
International Market Perspectives Of Nepal, Bhutan, and Sikkim
Moreover, the report includes an international perspective, focusing on large cardamom supply and import prices from Nepal. It also touches on reported crop damages in Bhutan and Sikkim, thereby providing a comprehensive view of regional market dynamics.
Export Statistics and Future Outlook
In this section, a detailed analysis of India’s large cardamom export data for the fiscal year 2023-24 (April-October) is presented, compared with the previous year’s figures. Subsequently, the future outlook section provides a forecast for the large cardamom market, based on current trends and analyses.
Conclusion: Anticipated Market Strength
In conclusion, despite the challenges posed by weather conditions and production issues, the large cardamom market is expected to maintain its strength. This report, therefore, serves as a vital resource for those involved in the large cardamom trade, offering critical insights into market trends, prices, and future forecasts, thereby enhancing their strategic planning.
Import/Export Statistics
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