November 3, 2025
Kochi: The cardamom sector is witnessing renewed momentum with strong domestic and export demand, as harvesting gains pace across Idukki — India’s prime producing district. Despite heavy rains that reduced yields by 15–20%, robust arrivals at auction centres and improved cultivation investments have buoyed market sentiment.
According to planters, this season’s output is estimated between 32,000 and 34,000 tonnes, supported by expanded acreage and favourable late-season monsoon activity. S.B. Prabhakar, a leading grower, noted that the North-East monsoon lasting through December could enhance the late crop further.
Prices Remain Firm
Cardamom prices are expected to stay steady at ₹2,400–₹2,700 per kg over the next few months, with spring showers likely to influence subsequent movements. Industry experts anticipate no sharp decline in the near term, thanks to resilient demand and tightening global supply.
A steep production fall in Guatemala—down to 16,000–20,000 tonnes from its normal 45,000 tonnes—has helped India regain the position of world’s largest cardamom producer after a 44-year gap. The reduced output in Guatemala has created a global supply deficit, opening new export opportunities for Indian producers.
Strong Export Momentum
Joseph Sebastian of EcoSpice observed record arrivals at domestic auctions alongside sustained export interest. “With Guatemala’s recovery still slow and international demand robust, the Indian cardamom market will stay well-supported,” he said. Despite Guatemala’s larger cultivated area, its productivity lags due to limited adoption of scientific farming practices.
Many Indian growers are now adopting strategic selling, holding stock to capitalise on market trends rather than rushing to sell during harvest. This approach ensures liquidity while maximising profit in a high-demand environment.
Global Events Drive Outlook
Exporters are preparing for Ramadan 2026 and Gulfood 2026, where demand from Gulf countries traditionally peaks. SKM Dhanavandan, an exporter from Bodinayakkanur, highlighted strong overseas interest in larger grades—6-7 mm, 7-8 mm, and 8 mm (superior quality). However, limited availability of smaller capsules has tightened supply.
To secure major export contracts, Dhanavandan suggested revising the average export price for premium grades to $28–30 per kg, making Indian cardamom more globally competitive.
As India consolidates its leadership in global cardamom production, the sector’s immediate future looks optimistic—driven by rising global appetite, improved domestic strategies, and sustained farmer confidence.
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