Cardamom prices in India dip under pressure from Guatemalan spice exports
Cardamom prices in India are coming under pressure with speculation that the Guatemalan crop is reaching Indian shores amid a lukewarm pre-Diwali demand.
Prices are hovering around $22 per kg. In the last season, the prices had touched an unprecedented high of $37 per kg in the absence of the Guatemalan output.
Production in Guatemala, the world’s largest grower, is expected to be slightly higher than last year at 20,000 tonnes.
Original source: Economic Times