📊 Cardamom Market Resilience: Analyzing Price Stability Amidst Production Fluctuations
Despite recent downturns in the cardamom market, current prices have stabilized, suggesting a floor has been reached. With the ongoing harvest season nearing its end, quality and supply are expected to decline, potentially bolstering prices further. The upcoming Eid festival in June could spark a rise in export demand, particularly as production has dipped significantly both in India and Guatemala compared to last year. This report delves into the intricate dynamics of the cardamom market, providing a comprehensive analysis of current trends, price movements, and market drivers.
📈 Current Market Prices
📉 Market Drivers & Key Insights
- Significant decrease in production in both India and Guatemala, with a 37% increase in exports this financial year.
- Increased export earnings by 95% due to high demand and lower supply.
- Weather conditions have been favorable, improving crop conditions and potentially increasing upcoming harvests.
⛅ Weather Outlook – Key Growing Regions
Recent rains have improved crop conditions significantly. Continued favorable weather is crucial for the upcoming harvests in India and Guatemala.
🔮 Price Forecast – Next 3 Days
Given the stable market conditions and upcoming demand, prices are expected to hold steady with potential slight increases due to export demands.
