Falling cardamom prices an opportunity for exporters to meet challenges

The falling prices of cardamom may have left growers fretting but exporters see an opportunity to meet the challenge from Gautemala, the largest producer of the spice, when it enters the global market after harvest in a few months.

Cardamom prices have been hovering around Rs 600-620 per kg, down 10 per cent over the past month as fresh arrivals have flooded the market.

The lower price in the domestic market will help the exporters to have an upper hand in the global market over India’s chief rival Guatemala. In 2014-15, cardamom exports from India went up just 5 per cent to 3,795 tonne but saw 14 per cent increase in value compared to the previous year, at Rs 323 crore.

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Posted in: Indian Market Tips