Weaker Supply and Weather Impact Help Stabilize Big Cardamom Prices

India’s big cardamom market has shown a minor recovery after a previous decline, as spot market sales remain weaker than expected. The average arrival volumes in auctions have dropped significantly, causing wholesale prices to inch higher in recent days. The Kainchi Cut variety is now priced between USD 19,44–19,57 per kg, up from its earlier drop of around USD 1,56–1,69 per kg.

Crop Losses in Assam, Sikkim and Nepal Limit Supply

During the recent season, both the first and second cardamom crops were impacted by unfavorable weather. In Assam and Meghalaya, heavy rainfall earlier in the season caused flooding, damaging crop growth. The situation was similar in parts of Bhutan and Sikkim, where dry spells and abnormal heat during the growth phase have raised fears of up to 70% crop loss in some regions.

Nepal is also witnessing lower availability, with only 500–1,000 sacks arriving daily. The high cost of importing from Nepal, coupled with weaker domestic availability, has further constrained supply.

Auction Prices and Export Trends

In the latest auction held on March 20, prices were reported in the range of USD 16,80–21,60 per kg, depending on quality. Although this marks a recovery from earlier lows, the trade still expects mild price adjustments ahead due to low buyer interest.

India exported 915,41 tonnes of big cardamom worth USD 17,46 million in the first eight months of FY 2024–25, up from 788,54 tonnes and USD 9,45 million during the same period last year.

Big Cardamom Market Overview

Going forward, prices are expected to remain steady with minor fluctuations, as domestic availability stays tight and international demand remains firm.