Cardamom Settled Flat As Prices Pared

Cardamom settled flat as prices pared gains which seen earlier taking positive cues from spot market on rising demand. Supply continued to show a shrinkage following the continued dry spell. Harvesting is nearly complete and hence arrivals are unlikely to pick up. Exporters and north Indian dealers have slowed down because of the higher prices. The production and export of cardamom, has been increasing over the past three years. Despite competition from Guatemala, the largest producer of cardamom, there are good days for cardamom sector in the country. India grew just over 20,000 tonnes of cardamom and exported around 4,700 tonnes in 2013-14. However, during 2015-16, 27,300 tonnes of cardamom were produced and over 6,000 tonnes were exported globally.

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