Indian cardamom prices, which had previously surged by Rs 120 ($2.57) a kg in a fortnight, have dropped by Rs 20 at the auction held in the Keralan town of Kumily, the country’s main cardamom trading centre, on Sunday. Ten tonnes were bought by exporters, while the rest was bought by North Indian dealers. The […]
WHILE expectations of a good cardamom crop in Guatemala and constant demand have kept prices relatively low, there is potential for this to change in coming months, especially when low output and high demand in India is considered. Reports suggest that top producer and exporter Guatemala should have another good crop this year, which would […]
INDIAN cardamom prices have been rising recently due to strong domestic demand. Average prices in Kumily, Kerala – the country’s main cardamom-selling centre – reached Rs419 ($9) a kg, a three-year high. The coming festival season and reports of a decline in Indian production of up to 30% from last year’s level are thought to […]
SUPPLY and demand trends suggest that Indian cardamom prices could be set for an upward surge. Market sources in Bodinayakannur told the Indian newspaper Business Line that the coming festival season should fuel demand and that, with low production this season, the price has already begun rising. Traders in Kumily said inventories in north Indian […]
AN impasse over cardamom auctions, following the boycott by the traders over grading charges, is likely to end soon and indications are that the auctions may resume this week itself. After a meeting between auctioneers and traders convened by the Indian Spices Board on Tuesday, it was made clear that the Rs1.50 a kg being […]