INDIAN cardamom prices are likely to decline about 10% by the middle of March as both domestic and export demand retreated in the face of a sharp spike in prices in the last few months, according to analysts and traders. N Ranganath, manager, Kerala Cardamom Processing & Marketing Company, said: "The prices have been rising continuously. It's not an essential food...people have stopped buying." Kerala accounts for 70% of India's total production followed by Karnataka and Tamil Nadu. Kunal Shah, an analyst with Motilal Oswal Commodities Broker, told news agency Reuters: "Prices are unlikely to sustain at such high level...it is likely to come down to Rs620 ($15.58)to Rs630 within a month."... Read More