Cardamom prices have been shrugged off by almost 5-7% in last one week due to fresh liquidation by farmers along with sturdy supply from Guatemala in international markets. As per market sources, strong selling by farmers at physical markets has witnessed the fall of Rs 30-40 per kg in cardamom prices at Kochi market.
Cardamom crop has reported the fourth round of harvesting which enhances the fresh arrivals of 7mm and 8mm of bold quality cardamom. At Kochi mandi, prices of 7mm were languished at Rs 490-510 per kg while 8 mm was at Rs540-545 per kg.
The total production of Indian cardamom was at 12000 tonnes against 9000 tonnes reported last year. Selling was also bolstered by strong arrivals of Guatemala crop at International market. However, the total crop size of Guatemala is estimated at 18000 tonnes against 22000 tonnes reported last year.
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