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Cardamom prices have been subjected to downward pressure of late due to large expected output in Guatemala and India, while demand remains lacklustre. Andrew Barker, managing director of PBA Brokerage, told The Public Ledger: "Indian exporters are reporting that the new crop in India is going to be big. Apparently a lot of contracts for old crop material have taken place between India and the Middle East in the last four to six weeks at very low prices. They are trying to get rid of their old crop ahead of a very large crop coming up. So the Middle East is pretty full up with cardamoms at the moment... Read More

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