Big Cardamom Market Shows Signs of Price Slowdown

The Indian big cardamom market is seeing a price slowdown, with auction prices dropping slightly despite low arrivals. The wholesale market is also experiencing similar trends, with prices stabilizing after a recent decline.

Lower Arrivals Impact Auction Prices

Big cardamom arrivals at auctions remain below normal. The price of Kainchi Cut big cardamom has recently fallen to USD 1,99-2,00 per kg, showing a decrease of USD 0,14-0,16 per kg. In the latest auction on March 6, average prices ranged between USD 1,74-2,22 per kg.

Weather Challenges Lead to Crop Damage

Heavy rainfall and floods in Assam, Meghalaya, and other parts of the Northeast have caused significant damage to the big cardamom crop. The first crop suffered losses of up to 70%, with the second crop also expected to be weak. Similar crop damage has been reported in Nepal, Bhutan, and Sikkim, adding to the limited supply.

Export Growth Despite Domestic Shortages

During the first seven months of the 2024-25 financial year, India exported 785,48 tonnes of big cardamom, valued at USD 14,59 million. This is a significant increase from the 571,11 tonnes exported in the same period last year, which generated USD 6,23 million.

Price and Export Data for Big Cardamom

Limited Supply May Stabilize Prices

With the supply of big cardamom much weaker than normal, prices may not continue to decline sharply. Market analysts expect a potential stabilization in the market, especially with crop losses in both domestic and neighboring regions impacting availability.