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Current Indian prices $5 difference with Guatemala likely to attract more buyers

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.

Cardamom stockists and Planters will hold their stocks if prices come down further and Guatemala prices are higher than Indian due to lower production; expected down by 40% current year as a result of unfavourable weather, so demand will come now and expected further.