Indian cardamom prices have been subjected to downward pressure of late due to 2012 crop carryover stocks of about 2,000 tonnes and the early start of harvesting of this year's crop. In a July 16 market report, Emperor Akbar Green Cardamom of Mumbai confirmed that harvesting of the new crop had started early due to favorable rainfall. Production was estimated to be about 20% more than last year with the quality of the crop being very good."As estimated in our previous report, we expect about 3,500 to 4,000 tonnes exportable surplus to be available this year. With prices being low, the domestic market has picked up good quantity stocks in the last couple of weeks while the international markets are watching the increased arrivals from the new crop before beginning their purchases," the report added... Read More