Higher cardamom production estimates are likely to begin weighing on the price trend. According to market source, cardamom output is likely to rise by 20 percent from previous year to around 12750 tonnes. Cardamom arrivals in the major auction centres stood at around 70 tonnes and the entire quantity was sold out.
The average price was quoted at around Rs.981.22 ($19.87, €15.18, £12.67) per kg. Conversely, the demand is expected to improve as the daily arrivals may decline gradually and with the harvest season ending by March. Latest data from the Spices Board showed that in April-December 2011-12, the exports of small and large cardamom surged 218.9 percent on year to 4050 tonnes.