INDIAN spice dealers are expecting strong domestic demand for new crop cardamom to help underpin prices of the spice. In an August 30 market report Emperor Akbar Green Cardamoms of Mumbai said that domestic festival demand would start in a few days and this would coincide with new crop arrivals. "Most of the domestic consumption centres and the supply chains are currently carrying very little or negligible stocks. Hence, we expect the domestic demand to give good support to the new crop," the company stated. Newspaper reports that the Forward Market committee was considering stopping forward trade in cardamom had helped curb the speculators and reined in the prices at the online exchange platform. "This will help traders and planters and keep the prices in check based on fundamental factors. With Indian demand estimated between 12,500 to 13,500 tonnes, we will have about 2,000 to 3,000 tonnes for export which, though lower than last year, is in line with market expectations," Emperor Akbar said... Read More