INDIA’S new crop arrivals of green cardamom have suffered additional delays due to lack of rains, local sources have reported. A team of experts from Indian company Emperor Akbar observed that a delay of about one month in this year’s new crop arrivals implied that the carryover stocks from last year’s crop would be sold and consumed before the new crop was under way, pushing up prices. Emperor Akbar expects new crop arrivals to start only by mid-August. In addition, inadequate rainfall so far in July indicated that the crop would be down by about 20 to 25% as opposed to the 15% shortfall originally anticipated, the company stated. This meant that output would be around 15,500 tonnes instead of more than 18,000 tonnes in 2011... Read More