Expected Rise in Cardamom

24-Oct-2025 06:48 PM

New Delhi. Local demand at producing centers has begun to increase due to the near-depletion of old stocks at consumption centers. Consequently, cardamom prices are currently quoting strongly. Today, cardamom prices in the Delhi market have risen by ₹30-50 per kg, depending on quality. Sources indicate that cardamom prices are unlikely to decline in the near future. The market is expected to gradually increase in the coming days, as export demand is expected to increase in addition to local demand.

Production

Currently, the second peaking of cardamom is arriving at producing centers. It is noteworthy that the cardamom crop reaches its 5th or 6th peaking. During the current season, cardamom production in the country is expected to be higher than last year. Due to favorable weather, there are reports of improved quality. Sources believe that the current season's production of small cardamom in the country is expected to be 28,000-30,000 tons, compared to 22,000-24,000 tons last year. Due to the higher production, daily arrivals of small cardamom at auction centers are exceeding 200,000 kilograms.

Slowdown-Rise

Sources say that a decline in current cardamom prices is unlikely, as arrivals at auction centers will begin to decline after the third peaking begins. Furthermore, due to the lack of stock at consumption centers, demand from stockists will increase. Export revenue is also good. Currently, the average price of small cardamom at auction centers is being quoted at ₹2,400-₹2,500 per kilogram.

Import

Despite the country's abundant production of small cardamom, importers import cardamom from Guatemala. It is noteworthy that, in addition to India, small cardamom is also produced in Guatemala. However, the quality of Guatemalan cardamom is lower than that of Indian cardamom. New small cardamom arrives in India in July-August, while in Guatemala, the harvest arrives in November-December. According to information received, cardamom imports in 2020-21 were only 311 tons, which increased to a record 2,552 tons in 2023-24. Imports in 2024-25 reached 1,318 tons.

Exports

Due to its good quality, small cardamom exports performed well. According to data released by the Spices Board, in the first four months of the current financial year, while volume growth was 44 percent, revenues also saw a remarkable 98 percent increase. It is noteworthy that during April-July 2025, 2990 tonnes of small cardamom was exported and the income received from the export was Rs 702 crore. Whereas in April-July 2024, 2072 tonnes were exported and the income received from the export was Rs 354.62 crore. During the year 2024-25 (April-March), the export of small cardamom was 6727.80 tonnes and the income received was Rs 1566.82 crore. This is 9 percent more in quantity and 57 percent more in income compared to the year 2023-24.