CARDAMOM
Cardamom
The cardamom prices have reached record-high levels this year, similar to the price levels in the years 2010 and 2011.Guatemala is already sold out for its main varieties since March 2019, which is quite extraordinary with still 6 months to go before the new crop.
It is still too early to give predictions on the new crop, but the new plantings, which started in 2017 and 2018 will mature only in 2020/2021,
which means that on the short-term (in the years 2019/2020) there will be a shortfall in production.
An important downward price correction is therefore not expected, especially taking into consideration that India’s crop is expected to be about 40% smaller than last year.
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1 comment:
How big new crop Guatemala cardamom is expected and any idea on price trends
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