📊 Cardamom Market Overview

The cardamom market has recently experienced fluctuations with prices showing signs of recovery amidst ongoing challenges. The current price for Kainchi Cut big cardamom in the Delhi wholesale market ranges between USD 19.44 and USD 19.56 per kg, reflecting a modest recovery. However, the market remains under pressure due to weak spot sales and significant crop damage in major producing regions like India, Nepal, and Bhutan.

Export volumes have shown encouraging growth, with India exporting 915.41 tonnes of big cardamom between April and November 2024, a substantial increase from the previous year. This growth indicates a rising international demand despite high prices potentially tempering future demand.

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📈 Recent Price Movements

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📉 Market Drivers

• Significant crop losses due to adverse weather in key growing regions.
• Increasing export volumes indicating rising global demand.
• Limited auction arrivals providing some price support.

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⛅ Weather Forecast – Key Growing Regions

Upcoming weather forecasts predict continued challenging conditions with potential for further adverse impacts on crop yields. Regions like Assam and Sikkim are expected to experience variable weather, which could affect the second harvest.

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🔮 Price Forecast – Next 3 Days

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📌 Conclusion & Strategic Recommendations

• Buyers: Monitor the market closely for buying opportunities as prices may fluctuate due to external factors.
• Sellers: Consider securing contracts at current levels to hedge against potential future price drops.
• Traders: Keep an eye on export trends and weather forecasts to anticipate market movements.