New Delhi, 14 October (NNS): Following the decline witnessed in recent days, the big cardamom market has strengthened slightly. Fresh crop arrivals are continuing in mandis, while old stocks are still available in the market. With the October–November festive season and the onset of winter, domestic demand for large cardamom has increased considerably. Spice companies, bulk buyers and local markets have stepped up their purchases. Recently, Kanchikat prices increased by Rs10 per kg to Rs 1540/1550 per kg. A significant portion of big cardamom is imported from Nepal. Although crop production is expected to be good this year, arrivals of the new crop from Nepal have been delayed, limiting immediate availability in Indian markets. In view of rising domestic demand, major stockists and traders are holding back their supplies in anticipation of higher profits. Reduced selling pressure and active buying are gradually pushing prices upward.

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