Cardamom December future market up by 2.97% (High – 1361/-Kgs) on Wednesday. Current year picking activity reported delay by 1 month due to drought condition earlier. We expect Cardamom prices likely to move upside in coming days. Domestic buyers reported active in the spot market. They mainly bought good colour 7.5 mm and 8 mm […]
Recent trade estimates appear to verify earlier predictions that Guatemala’s 2015/16 cardamom crop would be substantially behind that of previous seasons. Early projections for the next crop (2016/17) show a further decline in output ahead. The Guatemala exporter warned that the next crop is expected to start one month late…READ MORE
Cardamom July future market up by 2.42% (High – 835/-Kgs) on Monday. Cardamom plant reported damaged (dried up) an estimated around 40 — 50 percent current year which may negatively impact the total production in the coming season…READ MORE
During the week period Cardamom reported export 324 tonnes compared to last week 176 tonnes. Major export destinations are USA, UK, Canada, Qatar etc…READ MORE
Cardamom June future market up by 2.70% (High – 861/Kgs) on Monday. Continued dry spell in the growing regions has created a bullish sentiment in the market. Cardamom plant reported damaged an estimated around 15 – 20 per cent have dried up already and it may be more if the current prevailing drought conditions continued […]
Guatemalan cardamom prices escalated sharply higher at the opening of the new crop in September/October. Now the sellers are searching for support levels and prices have eased out. However, the fact that Guatemala’s crop is smaller than last year might not allow prices to go down much from the current levels on pales green and […]
Guatemalan cardamom prices could be prone to upward pressure ahead on the realization that the 2015/16 crop looks set to be down from that of 2014/15 due to the combined effects of prolonged dry weather and damage from the thrips insect. Drought conditions in Guatemala over much of this year and certainly from January to […]
The world’s largest producers of cardamom, Guatemala are exploring ways to collaborate in the sector. Cardamom output in Guatemala is expected to be 29,000-30,000 tonnes, about 8,000 tonnes less than in the previous season (2013/14)…READ MORE
Global availability of cardamom looks favourable for this year and prices of the spice are expected to face more downward potential over the coming weeks. The 2014/15 Guatemalan crop was smaller than that of 2013/14. However, the volume is seen as still at a respectable overall level…READ MORE
Prices of cardamom in Guatemala remain firm. The new crop is much smaller than expected and the size of the crop is estimated between 27,000-30,000 tonnes. The size of the last crop was 36,000 tonnes. The main reason for the reduced output is abnormal rainfall before and during the main harvest…READ MORE