Cardamom has always been a valuable spice, but in 2025, it saw a great rise in its price. Price fluctuations have caught the attention of traders, exporters and the shareholders of the spice industry. These are the people trying to understand the reason for the movements in price.  The demand for Indian cardamom both domestically and internationally remains strong, and the price is influenced by a lot of factors.

Over the last few months, the prices of cardamom have experienced a lot of fluctuations in the auction rates. There were both highs and lows. This has become a big concern among farmers and traders who are keeping a keen watch on the auction trends to determine the next action. You should understand the key factor that is making the prices very competitive. This blog will cover important factors that will help you in understanding the market trends.

Price Trends of Cardamom 2025

The latest auction has shown a fluctuating price, which shows uncertain scenarios of the market. As of March 26, 2025, the latest data of the highest auction prices are:

• Idukki Dist. Traditional Cardamom Producer Company Ltd. has recorded the highest price of ₹3,086 per kg.
• RNS spices also reported that the highest auction price for their cardamom was ₹2,905 per kg.

Comparing the auctions of last month, the prices were continuously high above ₹3,300 per kg. And the market now is fluctuating as the prices are not steadily increasing or decreasing. The prices in the last year showed a stable pattern to understand the future market trends of cardamom, but in 2025, due to the irregular movements, forecasting future trends has become difficult.

Important Factors Influencing the Cardamom Prices

Let’s get to know the important factors of cardamom that will make to think deeply.

• International supply and Demand shifts: Guatemala is the largest producer of cardamom, and has been facing problems such as supply shortages, which cause fluctuations in global demand. With the reduced exports from Guatemala, India has been filling the gap, but the supply is stopping the continued impact on price stability.
• Export Demand stays strong: As cardamom remains high in demand, specifically in Gulf countries. However volume of exports varies due to changes in the market conditions, which affect domestic price trends.
• Challenges of Domestic Production: The weather is unpredictable, the plague of pests and the costs of high inputs are leading a way to the conflict in harvesting, which is a crucial thing contributing to fluctuations of the market.
• Traders stockpile up and thesis: What some traders do is they hold onto the stock, predicting the price movements of the future. This increases the lack of certainty in the market.

What’s Next for Cardamom Prices?

Having a fluctuating cardamom price, as it doesn’t show a clear uptrend or downtrend, many questions remain, like what will happen next? Will prices be stable, increase or continue to fluctuate? Answering this has become impossible as it is difficult to find in this unstable market trends.

There is no clear pricing as the trends of prices are fluctuating, and in the coming week, the prices will remain unstable. This fluctuation happens based on global supply, the demand in exports and the harvest conditions that are nearing. All the traders, exporters and farmers should keep a close eye on these factors to make the right decision in this progressing market.

Some Tips to Navigate the Unstable Cardamom Market

I am listing out some strategies to know and manage cardamom market trends below for stakeholders, traders, exporters and farmers to consider:

1. Knowing the latest trends in the market: Keenly keep a watch on the market reports and auction prices, stay up to date with the most latest news. Follow platforms that provide insights with the real-time commodity prices that will help you to make a correct decision. You can also subscribe to relevant newsletters and associations from time to time to get updates.

2. Build a good rapport with your supplier or buyer base: Farmers and traders should focus on building a good relationship with the buyer base, while exporters should focus on maintaining a good relationship with multiple suppliers. This ensures that both supply and demand are stable.

3. Hold Storage facility cleverly: Having access to storage will help traders to hold stocks when the prices fall and can release them when the margins rebound to normal or better prices. But, the thing to keep in mind is do not overstock as it may lead to risk in times of uncertainty.

4. Keep an Eye on Global Events: Global events like geopolitical developments, regulations during export and currency exchange rates will matter in the demands for Indian Cardamom internationally. In prior understanding, these factors will help you predict the trends in price. 

5. Utilize the opportunities in export: Having strong ties with Gulf country buyers will help maintain demand stably. Partnering with logistics providers will help you in reducing issues related to transport.

Support & Policies of the Government

The Indian Government takes necessary steps to support farmers by stabilizing the prices of spices. It is important to keep yourself updated on the subsidies provided, export incentives, and trade regulations and restrictions that may affect the market. Additionally, producers and agricultural cooperatives also support small farmers by helping them manage price uncertainties more effectively.

Key Takeaways:

Summary of the cardamom market trends you went through above that will help farmers, traders and consumers:

• Prices are fluctuating, but they’re not continuously increasing and decreasing.
• Auction prices are slightly lower than last month’s price, but still, they are high.
• Issues going on with global supply, domestic production, and speculation will continue influencing the prices.
• Trends in future will depend on certain things, like the upcoming harvests, export demands and the strategies of traders. 

Final Thought:

In 2025, the prices of cardamom are fluctuating, and this makes it hard to predict the market trends in the long term. Prices are high compared to the earlier months, but they are less compared to last month. This is all happening because of the multiple factors like global supply, weather conditions, demand for export and speculation of traders. Shortly, the market is expected to remain unstable. As the year goes forward, everyone is keeping a watch on whether the prices of cardamom will stabilize or continue the fluctuation patterns.

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