The price of cardamom in Nepal increases threefold

Whole Cardamom

Nepal

Market & Price Trends

Published Jan 8, 2024

Tridge summary

The price of cardamom has increased by threefold this season, reaching the highest level in the past four years, bringing happiness to farmers. This increase is attributed to the lack of supply to meet international demand, leading to a price of Rs 85,000 per quintal compared to Rs 28,000 last year. Despite a decrease in cardamom plantations, production and productivity have increased, with 1,325 metric tons produced in the district, representing a 7.96 percent increase from the previous year.

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Original content

ILAM, Jan 7: The price of cardamom has increased by threefold this season, bringing happiness to the farmers. Cardamom is now being sold at the highest price in the past four years. Trader Jeevan Pandey said that the price of cardamom has increased by almost three times more than last year. The price was Rs 28,000 last year but good quality of cardamom is now being sold at Rs 85,000 per quintal. According to Pandey, the price of cardamom has increased this year because there is not enough cardamom as per its demand in the international market. Biren Shereng of Suryodaya municipality-1 has cultivated cardamom in an area of about 100 ropani of land. He said 27 to 30 metric tons of cardamom is produced annually giving savings of at least one million rupees. The farmers of Ilam have started to increase their income after the improvement of cardamom with the use of modern farming systems. This year, 1,325 metric tons of cardamom has been produced in the district. This is 7.96 percent ...

Source: Nagariknetwork