Please read the short report/comment we received of an operator ofCardamom in Guatemala
Hello friends, looking forward to seeing you again next week, wanted to share this message to give you clarity to take better decisions. Look for us in stand Z6-24.
As of today Guatemala has exported 26,000 MT and by month end we’ll reach 30,500 MT… this is 9,000 MT more than last season (43% more). This figure is an all-time record, not surprising given that we have reached record monthly numbers in Nov, Dec, Jan, Feb. February alone is likely to double its average volume.
We believe next three months will be records as well and by April exports will be reaching above 43,000MT with 5 months to continue exports and product still in the fields. So we will reach 55,000 MT.
Most of the 43k is already in the hands of exporters and although we have already passed the peak of the production cycle, there is and will continue to be cardamom in the fields over the next months.
A 55k record crop is 20% higher than last year’s previous record crop, not small by any means. We see with a bit of concern the recent price increases and the messages being circulated, as we reach last crop’s price levels and while minimal volumes from this season have arrived at destination.
We are very happy for our clients who bought during the first half of the season at lower levels and are looking now at good profits. However, we should tread with caution at these levels.
As for what is pushing Indian prices higher…
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