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EUROPEAN spice traders have predicted that global cardamom prices will remain weak during the course of the 2002/03 season and fall further in 2003/04 due to the gradual increments in Guatemala's harvest. Cardamom prices in Guatemala, the world's leading exporter, have been declining over the past few years as the crop slowly recovers from the devastation caused by El Nino in 1998. In recent months, prices have fallen to $6,000 to $7,000 a tonne from highs of around $14,000 to $15,000 a tonne for whole green medium to bold cardamoms, due to larger harvests... Read More

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