Big Cardamom Lower Supply Keeps Prices Strong

Big cardamom prices have been rising steadily due to limited arrivals at auctions and better sales in spot markets of India. With fewer crops reaching the market, demand has outpaced supply, keeping prices firm. If sales remain strong in the coming days, prices are expected to hold their upward momentum.

This year’s big cardamom harvest has suffered major losses due to severe weather. Heavy rains and floods in Assam, Meghalaya, and other northeastern states damaged a large portion of the crop. The first harvest was hit the hardest, with losses of up to 70%, while the second harvest also fell short of expectations.

High temperatures during the growing season and pest attacks added to the challenges, leaving much less cardamom for auctions and the spot market. This reduced availability is a key reason for the current price surge.

Cardamom Wholesale Prices Move Up

In the wholesale market, prices for big cardamom (scissor cut) have increased by USD 0,24–0,36 per kg, now standing at USD 21.48–21.60 per kg. Just a few weeks ago, prices had dropped by around USD 0.36 per kg, but the low arrivals have caused them to rebound. Recent auction prices range between USD 18.00–21.60 per kg, depending on quality.

India isn’t the only country facing trouble with big cardamom production. Nepal has reported significant crop damage as well, and daily arrivals there are limited to 500–1,000 bags. High import costs from Nepal have further tightened supply in India. Bhutan and Sikkim are also dealing with damaged crops, adding more pressure to the regional market.

Exports Show Strong Growth

Despite the production challenges, India’s exports of big cardamom have grown significantly. Between April and September 2024, the country exported 484 tonnes, earning USD 9.25 million. This is a big jump from the same period last year, when 427 tonnes were exported, earning USD 4.05 million.

Market Trends Moving Forward

Big cardamom prices are likely to stay firm in the near term, supported by steady sales and limited supply. While farmers and traders are benefitting from the current price levels, poor weather and production challenges remain a concern. As supply continues to lag behind demand, the market is expected to stay tight in the coming months.





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