Large Cardamom Prices Decline: No Upside Yet

03-Oct-2025 07:05 PM

New Delhi. Large cardamom prices have been experiencing a downturn for some time due to the increasing arrival of new supplies at producing centers and weak demand at the spot market. Sources believe that a price increase is unlikely in the near future, as reports indicate that this year's large cardamom production, not only in the country but also in Nepal, is higher than last year. Furthermore, the arrival of new supplies at producing centers has also gradually increased. It is noteworthy that large cardamom is produced in Sikkim, West Bengal, and Arunachal Pradesh. Nepal also produces large cardamom. Due to low consumption in Nepal, most of the produce is imported into India.

Price Fall

Currently, large cardamom prices remain sluggish. It is noteworthy that due to the recent political situation in Nepal, speculation increased in the Indian markets, and prices rose by 40/50 rupees in the short term. However, after the situation in Nepal normalized, prices began to fall. Markets are still trading softly. Sources believe that after the festival season ends, the wedding season will begin. That will increase buying of large cardamom, leading to even stronger prices. Currently, the price of medium large cardamom in the Delhi market is being quoted at 1450/1460 rupees per kg, compared to 1500/1510 rupees in early September. Given the current situation, a rise in prices is unlikely in the near future. Prices may fall further.

Import

Due to declining production over the past two years, large cardamom prices have been rising, not only domestically but also abroad. Imports have also been affected by high prices. According to information received, in 2022-23, large cardamom imports amounted to 9,403 tons, generating revenue of ₹488.40 crore. In 2023-24, imports amounted to 6,534 tons, generating revenue of ₹518.18 crore. In 2024-25, imports declined to 4,957 tons, generating revenue of ₹578.92 crore.

Exports

During the first month of the current financial year 2025-26, large cardamom exports increased by 13 percent in volume, while revenue increased by 22 percent. According to information received, during April-July 2025, large cardamom exports amounted to 433 tons, generating revenue of ₹73.61 crore. Whereas during April-July 2024, 383 tonnes were exported and the income received from export was Rs 60.49 crore. According to the data released by the Spices Board, during the year 2024-25, the total export of large cardamom was 1368.34 tonnes and the income received from export was Rs 229.44 crore. Whereas during the year 2023-24, the export of large cardamom was 1280.82 tonnes and the income received was Rs 148.15 crore.