Assessing the Impact of Cardamom Shortages in the Indian Market

The Indian cardamom market witnessed a substantial increase in price in recent times. This price surge stemmed from reduced domestic production caused by inadequate rainfall, notably impacting the Idukki district, the largest cardamom-producing area in India. To mitigate this shortfall, India significantly increased cardamom imports from Guatemala in 2023. Guatemalan cardamom consistently maintained lower, positioning the country s a promising alternative supplier. The anticipated stronger El Niño phenomenon in 2024 might further impact key-producing regions, prompting close monitoring of forthcoming harvests in 2024 to gauge market trends and potential impacts