Cardamom exports may get a fillip due to dip in prices
TRADERS and farmers are ill at ease due to the sudden decline in prices of cardamom in the ongoing lean season.
Following a high of Rs 1,500 per kg in the last two years, cardamom prices have been hovering between Rs 750 and Rs 800 per kg. Nonetheless, experts feel the low prices could boost exports.
Prices were lingering close to Rs 1,000 per kg some time back, but due to heavy supplies during the May lean season they plunged to around Rs 700 recently.
Mr P. C. Punnoose, General Manager, Kerala Cardamom Processing and Marketing Cooperative Society, blames the price fall on the early monsoon, which he feels has helped in boosting supply in the lean season.
"The new harvest season, which usually starts in July, may be advanced to June, resulting in low prices in the next few weeks," he contends.
In May last year, cardamom prices were hovering around Rs 1,100 per kg, subsequently climbing to Rs 1,500, before stabilising around Rs 1,000 per kg.
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