Cardamom prices have surged due to various factors, including changes in demand, weather conditions affecting crops, and shifts in supply from major producing areas like India and Guatemala.
In the last year, prices have remained relatively high due to weather related disruptions, particularly during the peak harvest season. However,forecasts suggest potential price stabilization as producers increase their output to meet global needs.
For businesses in the cardamom trade, staying informed about these trends is crucial for navigating the market's ups and downs. Monitoring weather reports, understanding consumer trends, and adapting to market demands can all contribute to making more informed purchasing and selling decisions.
Rising Demand in Gulf Markets
Indian cardamom has most demand in Middle Eastern and Gulf Markets, particularly they use beverages like Arabic coffee and tea. The demand has shown a steady rise in year on year particularly in the UAE and Saudi Arabia.
As cardamom is now seen as essential to traditional dishes and beverages. Exporters are seeing an increased need to meet specific flavor & size preferences in these regions, with an emphasis on premium, green large-sized cardamom pods that add an intense aroma and taste to the dishes.
We greenwick globals has seen a hike in export demand this makes cardamom market more volatile in upcoming weeks.
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