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Cardamom Market Sentiment and AgriWatch Expectation
Published on: May 09 2022, 07:51
Steady to weak sentiment was witnessed in the Small Cardamom spot market during last week. Cardamom supply fell by 7.07% last week as Stockists and Planters were holding their stocks as they are expecting higher prices in coming days however, as compared to last year same period rose by 67.46% due to increased production.
Fifth round picking activity finished in the key growing regions of Kerala. India’s production for the coming Marketing Year 2021-22 (already started from August 2021) is expected to be around 27,000 metric tonne (MT) and also put a cap on prices. Last year it was 23,000 MT.
All India Cardamom average auction prices for next week are likely to move in a range between INR 820 – 910 per kgs.
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