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Indian cardamom prices increase 40 percent due to low supplies

INDIAN cardamom prices have been on a consistent uptrend because of poor supply due to zero imports from Guatemala. High demand from up country buyers and increased exports to West Asia has pushed up prices by 30% to 40% in just two months. Auction prices of cardamom are averaging above Rs750 ($16.20) per kg in the last few auctions. The maximum price at the auctions touched Rs880 per kg on Tuesday, traders said. "Festival and winter demand is very good and this has helped the market to remain firm despite good arrivals," sources in the Kumily Cardamom Processing Marketing Company (CPMC), told the Financial Expressnewspaper... Read More

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