Recent Surge Followed by Profit Booking and Supply Issues

After a recent surge, the big cardamom market is currently experiencing a slowdown. The weather in major producing areas remains unfavorable for crop growth, leading to hopes for a price rise in the coming days. Readers, stay updated on the latest fluctuations in big cardamom prices to benefit from timely information. Due to profit booking, there has been a recent decline of about $0,48-0,54 in big cardamom prices. Currently, big cardamom Jhundivali and Kainchikat are priced at $17,76-17,88 and $18,24-18,48 per kg respectively in the local wholesale market.

High Temperatures and Insect Attacks Lead to Significant Crop Losses

The main reason for the latest price rise is sluggish supply. The import cost of big cardamom is currently around $18,60-19,20 per kg, which is higher than usual. Unfavorable weather during the crop growth season has led to a projected 60-70 percent loss in the large cardamom crop. High temperatures and insect attacks have exacerbated these losses, making both the first and second crops weaker than normal. Consequently, the domestic availability of big cardamom remains significantly lower than average. Reports indicate that weather conditions are still not favorable for the crop in major producing areas.

The big cardamom market is currently experiencing a slowdown due to supply challenges and unfavorable weather conditions. However, there is potential for prices to rise again in the coming days as the supply remains sluggish and crop losses continue to impact availability.