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Why cardamom is on a bull run ? - My Desi Times

Why cardamom is on a bull run ?

On June 20, the cardamom market went into a tizzy thanks to a sale at the e-auction centre at Bodinayakanur, nicknamed the cardamom capital of India, at the foothill of the Western Ghats in Theni district, Tamil Nadu. Eight kilos of the evenly green, aromatic 8.5 mm capsule gained a record ₹ 5000 for a kilo spreading amounts of joy. The reason for the swift rise in prices,  involves failed crops, delayed monsoon, poor stock, and an artificially created dealer’s market, in addition to the growing use of the spice in contemporary cooking. The prices have risen over a two-year period from ₹900 in 2017 and is currently hovering at an average of ₹3000Cardamom’s annual crop cycle is an August to July season with eight pickings. The picturesque Cardamom Hills in Idukki district are home to the small cardamom, (the big black cardamom grows in North India) and supplies 80 per cent of the country’s output. With a delayed monsoon this year and a setback due to last year’s floods, the crop is still to recover to capacity.hence The shortage has led to a spike in prices .

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