Indian Cardamom Poised for Ramadan Demand Amid Guatemala Shortfall

 

Indian Cardamom Poised for Ramadan Demand Amid Guatemala Shortfall

 

Published 11-11-2024, 02:26 pm

Updated 11-11-2024, 09:15 pm

 

With Guatemala's cardamom production for 2024-25 predicted to fall by 40-50%, India's cardamom industry is preparing for a possible export boost ahead of Ramadan in February 2025. Lower supply from Guatemala, combined with crop damage from thrips, has pushed prices upward, giving Indian exporters a unique advantage despite a decline in India’s own production. While Indian prices are expected to climb to ₹3,500 per kg in early 2025, exporters warn that high domestic prices and speculation could deter international buyers, especially from the Middle East. However, stabilization above the ₹2,500 level has generated renewed overseas interest, suggesting a mixed outlook for India’s cardamom sector.

Key Highlights

# Guatemala's cardamom production drops by 40-50%, boosting Indian export prospects.

# India’s own production is down 50%, driving domestic prices higher.

# Indian cardamom prices expected to reach ₹3,500/kg in early 2025.

# Middle Eastern buyers cautious due to India’s current high prices.

# Speculation and unregulated auctions could impact India's market competitiveness.

Indian cardamom prices are expected to climb as demand builds ahead of Ramadan, with Guatemala, the largest producer, reporting a 40-50% decline in production for the 2024-25 season. Damage from thrips and other factors has reduced Guatemala’s output to around 17,000 to 20,000 tonnes, giving India a potential export edge in Gulf markets. The scarcity in Guatemala has driven its cardamom prices to trade 30% higher than Indian cardamom, positioning Indian exports favorably to meet the demand spike during Ramadan in February 2025.

Indian growers, however, are also facing a reduced crop, with output down nearly 50% this season. The domestic supply shortage is projected to increase prices further, with rates potentially reaching ₹3,500 per kg by early 2025. Planters in Idukki, anticipates that these higher prices will provide some relief to exporters amid limited supply. The high demand and limited stocks could result in an ideal scenario for cardamom traders as Ramadan approaches.

However, exporters caution that inflated prices could restrict export volumes, especially with Middle Eastern buyers hesitant to commit amid India’s current high prices. The emergence of private, unregulated auctions has also spurred price speculation, raising concerns about market stability. The inflated prices may also encourage cheaper imports from Guatemala, potentially undercutting India’s position in both local and export markets.

Despite challenges, there are positive signals, as indicated by a recent increase in overseas inquiries after Diwali. With prices stabilizing above ₹2,500, the industry is cautiously optimistic. However, crop damage from snail infestation adds further uncertainty, as it impacts new panicles and flowers, risking additional losses in an already tight supply scenario.

Finally

India’s cardamom market is set for Ramadan exports despite high prices, but regulatory checks on speculation may be crucial to maintain competitiveness.

https://in.investing.com/news/commodities-news/indian-cardamom-poised-for-ramadan-demand-amid-guatemala-shortfall-4520081

 

Guatemala origin Cardamom Update: - February 25

Season is nearing its end, with over 85% of the crop harvested. Expectations are that the crop will be 50% less vs last season, worse than expected.
We also believe next crop starting in October will be short again as the damage from the long summer period in 2023 will continue to affect production. 

In terms of demand, with the price increase some destination markets are quiet and profit taking is going on.
We are entering the Ramadan season and significan sales at destination are expected, which will reduce inventories at destination and will generate additional demand from origin after Ramadan. 

Gulfood in this sense was ok, decent sales were done but sentiment was not aggressive. 

Indian cardamom exporters bet big on Gulfood 2024 to gain Ramadan business

February 20, 2024 at 05:53 PM. | Kochi

Current $5 difference with Guatemala likely to attract more buyers

BY V SAJEEV KUMAR

The commencement of Gulfood 2024 in Dubai has revived Indian cardamom exporters’ hopes to gain a competitive edge vis-à-vis Guatemalan produce in the Gulf markets for the ensuing Ramadan fasting season, which begins from March.

Though shippers are anticipating stiff competition from Guatemala, the lower price for Indian cardamom in the current season has raised their hopes. It was because of higher prices, the Indian cardamom had lost its business last year and the current price difference of $5 per tonne with Guatemalan crop is expected to fetch good sales this time, exporters said adding that the domestic price is ruling in the range between ₹1,450-1,500 per kg.

However, the worsening Red Sea crisis is creating a hurdle for exporters in sending the cargo to all the Gulf countries other than Dubai leading to transit delays for almost two weeks and higher cost due to diversion of ships. The emerging situation has resulted in delays in realising funds from abroad, thereby affecting the cash flow in the domestic market as well, a cardamom exporter in Vandanmedu in Idukki said.

Buyers face dilemma

M Dhanavandan, the Bodinayakanur based cardamom exporter who is in Dubai for Gulfood 2024, told businessline that many buyers found Indian prices to be favourable this time, generating interest in purchasing the crop from this region.

However, buyers faced a dilemma for making their purchases. With new crop arrivals and existing stocks of Guatemalan bought at lower prices during times when Indian crop prices were higher, decision-making became more complex. The approaching Ramadan sales also added another layer of complexity to the equation, he said.

The unpredictability of Indian cardamom prices further compounded buyers’ concerns. The question of whether prices would increase in the near future or remain stable at current levels, and whether it was prudent to book cargo now or wait for potential price drops during the onset of new arrivals, loomed large, he added.

Unstable domestic market

According to PC Punnoose, General Manager, KCPMC Ltd, the domestic market is unstable because of a lower demand and subdued export buying since January. The early Ramadan this time has facilitated buyers in the Gulf nations to cover their requirements and the market is expecting a positive trend only when the export buying starts.

Likewise, the upcountry markets in many North Indian cities are slow and the farmers’ strike in Haryana has further worsened the situation, leading to a disruption in truck movement.

Cardamom production is at the fag end of the season and the next crop is expected to start by June depending on the arrival of south-west monsoon, he said.

Indian cardamom exporters bet big on Gulfood 2024 to gain Ramadan business  - The Hindu BusinessLine

Scanty rainfall hits cardamom production, prices set to spiral to record levels

 

As prices of cardamom rise, India is in danger of losing its export markets to the cheaper Guatemalan cardamom. Even the upcoming festive season may not help its cause as higher prices may impact the price-sensitive domestic market as well.

AUGUST 16, 2023

Cardamom prices are spiraling to record levels as severely deficient rainfall wreaks havoc in Idukki district in Kerala, where most of the country’s cardamom is grown.

The average prices have doubled to around Rs 2,000 per kg from a couple of months ago. The maximum price for the premium quality has jumped to about Rs 3,000 per kg. It is reminiscent of the situation four years ago when average prices crossed Rs 4,000 per kg and the maximum price escalated to Rs 7,000 per kg when the south-west monsoon rains played truant.

Rainfall is said to be short by 30 to 50 percent so far in different parts of Idukki district, the hub of cardamom cultivation. ``The harvest began towards the end of last month and the production looks to be 30 to 40 percent short because of poor rainfall from June. If it rains towards the end of this month or in September, we may get some good crop by December, but the current damage cannot be set right,’’ said K K Saseendra Babu, MD of Vandanmedu Green Gold Cardamom Producer Co. Ltd.

He reckons that the total cardamom production in the country could drop to around 15,000 tonnes from 25,000 tonnes last year. Lower carryover stock has also contributed to the price rally.

At present consumption is weak and given the current prices it remains to be seen whether it will pick up with the onset of festival season after September. The maximum domestic sale usually happens during the Durga pooja-Diwali season. Subdued demand may limit the rise of cardamom prices till the festival season begins.

`The pattern of consumption has changed after the Covid pandemic. The market has become price sensitive, and the demand is for cheaper, lower quality cardamom. The total annual domestic consumption could have fallen to 25,000 tonnes from around 35,000 tonnes,’’ Babu said.

Though the prices are at remunerative levels for the growers, they cannot take advantage of it as most of them are left with hardly any stock. Since the prices hit record levels in 2019, cardamom cultivation has spread to more areas in Idukki district as well as in Tamil Nadu. The curry masala makers, who go for bulk quantities, bought some quantity when it was cheaper.

In the last three years cardamom prices have been averaging around Rs 1,000 per kg. Given the rise in the production cost, the growers can reap benefits only if the prices go above Rs 1,200 per kg.

``Apart from the decline in consumption there is also the risk of Guatemalan cardamom entering the Indian market towards the end of the year, which could impact domestic prices’’ pointed out P C Punnoose, CEO of Kerala Cardamom Processing & Marketing Co. Ltd. Gautemala is the biggest cardamom producer in the world and last year the country’s production was higher at around 45,000 tonnes, which helped it to dominate the export market.

Guatemalan harvest usually begins around October.

India’s export of cardamom too declined last year owing to the onslaught of Guatemalan cardamom. Cardamom exports in 2022-23 showed a 30 percent slump in quantity to 7,352 tonnes and a 36 percent drop in earnings year-on-year to Rs 875 crore. In 2021-22, cardamom export had reached a new peak of 10,572 tonnes valued at Rs 1,375 crore.

Importers in Kuwait and Saudi Arabia are asking why India has suddenly increased the price. The prices are around $ 31 per kg. Even at $19 per kg earlier, we were not finding too many takers in the world market,’’ said Nithyanandan, partner of SPG Ramaswamy Nadar and Sons, a leading exporter.

Once Guatemala enters the world market after October, it will be able to sell at a cheaper rate than India. Thus, India could end up losing the Gulf market, the largest buyers of cardamom, to Guatemala.

Further, failure of monsoon rains could push cardamom prices to a higher level, hitting both domestic consumption and export.

PK KRISHNAKUMAR is a journalist based in Kochi.

https://www.moneycontrol.com/news/economy/agriculture/scanty-rainfall-hits-cardamom-production-prices-set-to-spiral-to-record-levels-11197301.html

CARDAMOM - Guatemala in line to export around 55,000 MT for the 22-23 Season

 

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…

Cardamom prices fall on weak demand, exports may receive a boost

Cardamom prices are down from around Rs 1,000 per kg to Rs 750 to 850 per kg. The market expects the rates to decline further with a new harvest season round the corner

 PK KRISHNAKUMAR JUNE 14, 2022 / 06:33 PM IST

Robust production and tepid demand have caused prices of cardamom to decline, raising concern among growers. Small cardamom prices have fallen by over 20 percent in the last few weeks.

As cardamom growers fret over the plummeting prices, exporters reckon the low prices will boost India’s competitive edge in the global market and help them to match the record shipments of the last financial year.

Weak demand, both in the domestic market and overseas, has pushed down the cardamom prices from around Rs 1,000 per kg to Rs 750 to 850 per kg. The market expects the rates to decline further with a new harvest season round the corner.

Exports of the spice fetched all-time-high volumes and earnings in 2021-22, according to the latest figures of the Spices Board. The country exported 10,572 tonnes of cardamom worth Rs 1,375.70 crore in the year. The volumes were higher by 63 percent and value by 25 percent over the previous year.

UAE overtakes Saudi Arabia

The record exports were achieved despite Saudi Arabia imposing stringent rules on pesticide residues. Until a couple of years ago, Saudi Arabia used to be the biggest buyer of Indian cardamom. The United Arab Emirates (UAE) has now overtaken Saudi Arabia in cardamom purchases.

According to the available statistics for 2020-21, the UAE purchased 1,724 tonnes of Indian cardamom compared to 842 tonnes by Saudi Arabia.

“The exports have spread to many other countries. Besides other Gulf countries, Bangladesh has also emerged as a big buyer,’’ said Anjo Jose, executive director of Mas Enterprises, a major exporter.

Even going by the 2020-21 data, exports to countries like the US, Kuwait, Bangladesh, Canada, Singapore and Qatar have increased significantly over the previous year. This is expected to go up further in FY22 as shipments have risen sharply.

Competition from Guatemala

Although cardamom from Gautemala, the largest producer of the spice, is cheaper than the Indian variety, many buyers are going for the superior quality of the latter.

“Buyers have come to recognize the premium quality of Alleppey green bold cardamom. Indian cardamom at $14-15 per kg is around $3 higher than the Gautemalan variety,” said Hemen Ruparel, chief executive of Samex Agency, another exporter.

But presently there is a shortage of good quality export cardamom in the Indian market, which has led to the dominance of Guatemalan cardamom in global trade.

“Exporters are waiting to buy fresh stock in the new harvest season, which is expected to be in full swing by July-August,’’ Jose said.

Growers complain that climate vagaries are affecting the production quality of cardamom, grown mostly in Kerala and a few regions of Tamil Nadu and Karnataka.

“Pest menace has gone up. The chemicals we had used earlier are banned now and the new ones that are approved are not effective in controlling it. As a result, the quality of production is coming down,” said K S Mathew, a major grower.

Production in 2021-22 is estimated at over 25,000 tonnes compared to 22,520 tonnes in the previous year. The surplus production has come from new growers and non-traditional areas.

“While the big estates get hardly 300 kg an acre, the small ones are able to get almost double the quantity,” said M M Lambodharan, general secretary of the Spices Planters Association.

Weak demand from the North Indian markets and with exporters waiting for the new season, cardamom prices have become non-remunerative for the growers.

“The growers need Rs 1,200 per kg to break even considering the increasing cost of fertilizer and pesticides. Though the growing regions received copious rains in May, extreme heat this month is causing the plants to wilt. At this rate, the crop could be short by 40 percent in the next harvest," Lambodharan said.

Earlier during the year, when cardamom prices fell below Rs 800 per kg, the Spices Board implemented new steps restricting the total quantity per auction for a licensed auctioneer to 65 tonnes.

Of this, growers were allowed 70 percent of the share while the quota for licensed dealers was limited to 30 percent. This was to check the re-pooling of cardamom by dealers at auctions, which the growers said was leading to a price fall. But that was in force only for over a month and was relaxed when the prices rallied.

PK KRISHNAKUMAR is a journalist based in Kochi.

-

https://www.moneycontrol.com/news/business/cardamom-prices-fall-on-weak-demand-exports-may-receive-a-boost-8686031.html

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INDIA:Subdued buying dampens festive spirit in cardamom trade

 



Kochi September 22, 2020

Restrictions on weddings and public events, dwindling demand in the north Indian markets, stagnant export markets hit traders

Despite the ensuing festival season, subdued buying of cardamom from upcountry markets has pushed the trading community in a precarious situation.
“What is happening now is only minimal trade with some specific orders which is not enough to tide over the crisis triggered by the pandemic,” sources in the sector told BusinessLine. The high labour cost and shortage of migrant labour from Theni due to Covid-19 restrictions has forced growers in Idukki to depend on labour that’s available in Kerala, which has increased costs by around 30 per cent, the sources said.

“September and October are considered a good time for a demand boost for cardamom from North Indian consuming markets. But the spread of Covid-19 has hit consumption due to restrictions on weddings, events, etc. Traders are in a dilemma on the dwindling demand, coupled with a stagnant export market due to the pesticide issue in Saudi Arabia,” PC Punnoose, CEO, CPMCS Ltd, said.
The labour shortage is affecting the harvest in Idukki, where 90 per cent of the country’s cardamom is grown. The delay is impacting the quality of capsules which now looks pale yellow in colour instead of flush green. Moreover, movement restrictions on labour affected the upkeep of plantations, as 40 per cent of cardamom plantations in Idukki are owned by farmers from the neighbouring state, he said.

As cardamom plantations are labour intensive, C Sadasivasubramaniam, Secretary, Kerala Cardamom Growers Association, urged the district administration to permit workers to travel from the borders to Idukki. The major threat to plants is the Azhukal disease that requires anti-fungal treatment. “When Kerala government permits free movement of workers through other district borders, why is the district administration in Idukki so adamant in denying such benefits here?” he asked.
“Cardamom capsules has to be plucked at 40-day intervals and any delay can lead to quality reduction, breaking of capsules and less setting for future rounds,” SB Prabhakar, cardamom planter, Pambadampara Estate, said.

The reduced demand in north Indian markets is contributing to a fall in prices; it dropped to ₹1,460 per kg, half of the previous year’s average. Copious amounts of rains in September in growing areas added to the bearish sentiment, he added.

Guatemala is expecting a good crop this season due to ideal weather and the prices are hovering at around $17. As prices in India have come down, the sector could export more to the Gulf nations, including Saudi, after resolving the pending issues, he said.
The auctioneers pointed out that the market is witnessing selling pressure as farmers are liquidating their stocks at auctions fearing a further price drop.

V Sajeev Kuma for:
www.thehindubusinessline.com

IPC SPECIAL ISSUE ON GUATELAMA CARDAMOM - JULY, 2020

Guatemala Cardamom Report

In Guatemala, cardamom is known as Green Gold of Guatemala as they are the world's largest exporter and producer of cardamom in the world. Since 2008 to 2019, Guatemala produced cardamom on average of 32,000 Mt annually. Furthermore, Cardamom is the fourth largest agricultural product to be exported out of Guatemala by value. The national producers of cardamom in Guatemala are distributed to several departments (regions) as follow: Alta Verapaz Department (68%), Quiché Department (14%), Huehuetenango Department (8%), Izabal Department (4%), Baja Verapaz Department (2%) and the other departments of the Republic add up to (4%) (Chart 1). Furthermore, a total of 84% of the harvested area is concentrated in 2 Departments: Alta Verapaz Department (68%) and Quiché Department (16%).

Harvesting and processing

Cardamom plants normally start bearing two years after planting. In most of the areas in Guatemala, the seedtime for cardamom performs during the rain and summer season which occurred in May-September. The high peak period of harvest also occurred during the rain and summer season around July-October (Table 1).

Postharvest treatments for cardamom in Guatemala consist of washing, curing (drying), cleaning, polishing, sorting, grading and packing. There are several ways of drying the fruit (capsules recently harvested) to reduce moisture content which include sun-drying, solar drying and wood - fired drying.

Furthermore, cardamom in Guatemala must be harvested by hand, when ready, it can be easily detached from the stem and the colour is bright green. The following definitions refer to common Guatemalan cardamom grades:

·  Jumbo Green - extra-large green small cardamom pods

·  Imperial Best Green - large green pods

·  Fancy Green Extra - extra green pods

·  Fancy Green - medium sized green pods

·  Imperial Mixed Green - large pale green pods

·  Mixed Green - pods of assorted colours

·  Mixed Green Split - medium sized open green pods

·  Yellow Mixed - medium/large closed yellow pods

·  Mixed Yellow Quality (MYQ) -medium sized light brown cardamom for grinding

·  Seeds - cardamom with the husks removed

The output of cardamom is greatly influenced by climatic conditions. The cardamom plant requires a continuous rain interspersed with periods of good sunshine. Over the past two decades, the cardamom cultivation areas in Guatemala had faced severe ecological degradation due to diminishing forest cover which was caused by the weather disturbance of El Niño and La Niña climate phenomenon. The phenomenon had adversely affected Guatemala's 2010 production, causing the quality of cardamom to deteriorate. The plant is now abnormally susceptible from attacks by pests and diseases.

Area Plantation of Cardamom in Guatemala

Cultivation of cardamom was introduced to Guatemala before World War I by Oscar Majus Kloeffer; today Guatemala is the world's biggest producer and exporter, followed by India and Sri Lanka. Over 60% of the world's cardamom is grown in Guatemala, the crops contributes to between 0.8% and 1.5% of country's GDP.

During 2008-2015 the area under cardamom cultivation in Guatemala had shown an increasing trend, recording an increase of 19% when comparing 2008 and 2015. As from 2015, the area of cardamom cultivation in Guatemala had decreased to 2017. In 2017, Guatemala planted Cardamom on 72,593 Ha of area, recording a 2% decrease when compared to 2015. In 2018, the area under cardamom cultivation was reported with an increase of 4% as opposed to 2017 to an area of 75,399 Ha. In addition, the area of cardamom cultivation for 2019 was estimated to increase by 2% to 76,761 Ha. (Table 2). The increase of the area under cardamom cultivation could be contributed to the Guatemala government's along with the Cardamom Exporters' Association (ADECAR), the Guatemalan association of Exporters (AGEXPORT) and the Cardamom Producers Association of Guatemala (CARDEGUA) implementation strategies to improve the quality of cardamom and the economic condition of the farmers involved in the production. These strate gies were implemented through demonstration plots as well as training on how to implement good agricultural practises (GAP).

Cardamom production of Guatemala had fluctuated since 2008 with a rather positive trend. Cardamom production of Guatemala was reported to have recorded an increase of 78% in the past 11 years as it recorded to have produced a total of 38,163 Mt in 2018. The highest production of Guatemalan Cardamom in the past 11 years was reported in 2014 with 38,465 Mt whilst the lowest occurred in 2008 with only 21,414 Mt.

In addition, the production of Guatemalan Cardamom for 2019 was estimated to experience an 8% increase when compared to 2018 at 41,172 Mt as result of implementation strategies by Guatemala government to improve the quality of cardamom and the economic condition of the farmers involved in the production in the Department of Alta Verapaz which was the main cardamom producer in Guatemala.

Cardamom Productivity in Guatemala

Cardamom productivity in Guatemala for the past 11 years fluctuated with a positive trend (Chart 2). In the past 11 years cardamom productivity in Guatemala was reported to have increased by 47% to 506 Kg per Ha in 2018 and by 2019 the cardamom productivity was estimated at 536 Kg per Ha. Thus, recording an increase of 6% when compared with 2018. The highest cardamom productivity in Guatemala was reported in 2013 with 553 Kg per Ha whilst the lowest occurred in 2008 with only 344 Kg per Ha.

Average Export Price of Cardamom in Guatemala

During 2017-2019, the average export price both whole and ground cardamom on Guatemala saw an increasing trend. In 2017, the average exports price of cardamom by Guatemala was reported at USD 10,350 per Mt for whole cardamom and USD 9,709 per Mt for ground cardamom. The highest average exports price of whole cardamom from Guatemala in 2017 occurred in May with USD 11,271 per Mt whilst the lowest price was reported in January with USD 9,202 per Mt. Furthermore, the highest average exports price of ground cardamom from Guatemala in 2017 was reported in June with USD 18,537 per Mt whilst the lowest price was reported in February with only USD 2,947 per Mt.

In 2018, the average exports price both whole and ground cardamom by Guatemala saw an increasing trend averaging at USD 11,784 per Mt for whole cardamom and USD 12,559 per Mt for ground cardamom. Thus, recording an increase of 14% and 29% respectively as compared with 2017. The highest average exports price of whole cardamom from Guatemala in 2018 occurred in December with USD 12,587 per Mt whilst the lowest price was reported in January with USD 10,163 per Mt. Furthermore, the highest average exports price of ground cardamom from Guatemala in 2018 occurred in April with USD 15,071 per Mt whilst the lowest price was reported in June with USD 9,668 per Mt.

The average exports price both whole and ground cardamom by Guatemala in 2019 continued the increasing trend with an increase of 47% and 15% respectively as compared to the previous year averaging at USD 17,370 per Mt for whole cardamom and USD 14,481 per Mt for ground cardamom. The highest average exports price of whole cardamom from Guatemala in 2019 occurred in December with USD 23,060 per Mt whilst the lowest price was reported in January with USD 13,595 per Mt (Table 3). Furthermore, the highest average exports price of ground cardamom from Guatemala in 2019 occurred in May with USD 27,159 per Mt whilst the lowest price was reported in December with only USD 1,437 per Mt (Table 4).

Export of Cardamom by Guatemala

As the top producers of cardamom in the world, Guatemala in the past 3 years actively exported cardamom to various countries with the major destination to Middle East countries. In 2017, Guatemala was reported to have exported a total of 35,814 Mt of cardamom from which 99.7% or 35,695 Mt of it comprised of whole cardamom and 0.3% or 119 Mt of it ground cardamom. Guatemala on average exported a total of 2,985 Mt per month in 2017 which peaked in December with 5,038 Mt. The total revenue of Guatemala's export of cardamom in 2017 was reported to be as high as USD 366.9 Million.

Year 2018 saw an increasing trend in term of quantity of cardamom exported by Guatemala. Guatemala was reported to have exported a total of 36,815 Mt of which 99.7% or 36,702 Mt of it comprised of whole cardamom and 0.3% or 113 Mt of it ground cardamom, recording an increase of 3% when compared with 2017. The average export of cardamom by Guatemala in 2018 was reported at 3,068 Mt per month which peaked in November with 5,220 Mt. In accordance with the increase of quantity, Guatemala's revenue from cardamom export was reported to have increased by 18% as compared to the previous year to a total of USD 433.7 Million.

2019 was reported with a decreasing trend in term of quantity of cardamom exported by Guatemala. Guatemala was reported to have exported a total of 36,323 Mt of which 99.7% or 36,209 Mt of it comprised of whole cardamom and 0.3% or 114 Mt of it ground cardamom, recording a slight decrease of 1% when compared with 2019. The average export of cardamom by Guatemala in 2019 was reported at 3,027 Mt per month which peaked in December with 5,816 Mt. Although decreasing in terms of quantity, Guatemala's revenue from cardamom export was reported to have increased by 49% as compared to the previous year to a total of USD 647.2 Million.

Cardamom from Guatemala are widely traded in Asia, Africa, Europe and America Countries (Table 7). In 2019, Guatemala's top 10 Country of destinations for its cardamom were reported to be Saudi Arabia with 10,107 Mt (an increase of 6% as compared with 2018), United Arab Emirates with 7,981 Mt (an increase of 10%), Bangladesh with 2,851 Mt (a decrease of 19%), Pakistan with 2,308 Mt (a decrease of 15%), Egypt with 1,386 Mt (a decrease of 0.3%), Jordan with 1,245 Mt (an increase of 1%), Netherlands with 1,127 Mt (an increase of 28%), Singapore 1,025 Mt (a decrease of 6%), Syrian Arab Republic with 958 Mt (a decrease of 29%) and Kuwait with 885 Mt (a decrease of 11%).

Source:

·  Ministerio de Agricultura Ganaderia y Alimentacion Guatemala (Ministry of Agriculture, Livestock and Food Guatemala) - MAGA

·  International Trade Centre (ITC) - Geneva

·  Food and Agricultural Organization (FAO)

·  US Food and Drug Administration (USFDA)


Note: Some of the data in this publication are from the IPC database. The data are obtained from official reports and correspondence between the IPC and relevant partiesand have been processed based on statistical norms that can be accounted for.

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