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FUNDAMENTAL ANALYSIS FOR CARDAMOM Introduction Cardamom is known as the “Queen of Spices”. Both genera are native to India. Cardamom refers to several plants of the genera Elettaria and Amomum in the ginger family Zingiberaceae. triangular in cross-section and spindle-shaped. CARDAMOM VARIETIES • • Cardamom 6mm Cardamom 7mm CARDAMOM GROWING STATES IN INDIA . they are recognised by their small seed pod. It is one of the most highly priced and exotic spices in the world. indigenously grown in the evergreen forests of the Western Ghats in South India. It is a perennial tropical herb plant belonging to the ginger family (Zingibaraceae) and grows from a thick rootstalk up to around 6-10 feet. with a thin papery outer shell and small black seeds. Elettaria pods are light green while Amomum pods are larger and dark brown.
Tips Open: 5% maximum by count allowed. The cardamom delivered shall be free from blacks and fruits (Yellow). It is considered to be a . f. 1. h) Tips Open: 5% maximum by count allowed. 3% droppings by count will be allowed. h. . Shriveled capsules: 2% max by count allowed. c) Density of stock delivered shall be 400 gms per litre [400 gm l/w] minimum. 3% droppings by count will be allowed. It shall not be discoloured capsules. USES OF THE COMMODITY The commercial part of cardamom is the fruit (capsule) of the plant that is used as a spice and a flavoring agent.PROPERTIES OF THE COMMODITY 1. Size of the capsules: Entire quantity of cardamom delivered shall remain on a sieve of 6 mm size. . Split and thrips capsules not allowed. j) However. Cardamom 6mm bold a. b) The Entire stock delivered shall be crop of current season. 2 side green and 1 side discoloured capsule will be allowed upto 2% by count. g) It shall not be discoloured capsules. However. 2 side green and 1 side discoloured capsule will be allowed upto 2% by count. i. . c. g. The entire stock delivered shall be crop of current season. b. d) The cardamom delivered shall be free from blacks and fruits (Yellow). d. However. Density of stock delivered shall be 385 gms per litre [385 gm l/w] minimum. However. by count in the entire. &  above put together shall not exceed 7% max. the relaxations at Sl. e) Split and thrips capsules not allowed f) The colour of cardamom delivered shall be uniform green. The colour of cardamom delivered shall be uniform green. e. Cardamom 7mm bold a) Size of the capsules: Entire quantity of cardamom delivered shall remain on a sieve of 7mm size. i) Shriveled capsules: 2% max by count allowed. However. No.
but in between. VARIOUS VARIETIES OF THE COMMODITY There were initially three natural varieties of green cardamom plants. liquors and perfumes. Bengal cardamom. this is the native variety of Kerala. The fruit also finds significant usage in Ayurvedic medicines. The most popular high yielding variety is "Njallani. this is a native variety of Karnataka. Amomum (commonly known as black cardamom brown cardamom. Vazhuka . Java cardamom. digestive disorders. These plants have panicles which grow horizontally along the ground. SPECIAL ATTRIBUTES OF THE COMMODITY The two main genera of the ginger family that are named as forms of cardamom are distributed as follows: • • Elettaria (commonly called cardamom. Mysore . green cardamom. or red cardamom) is distributed mainly in Asia and Australia.As the name suggests. white cardamom. Sebastian Joseph. at Kattappana in the South Indian state of Kerala. a few planters isolated high yielding plants and started multiplying them on a large scale. Recently. These plants have panicles which grow vertically upwards. etc. also known as "rup-ree-t". or true cardamom) is distributed from India to Malaysia.As the name suggests. and the panicles grow neither vertically nor horizontally. Oil from the seeds and the leftover resin have their usage in processed foods. • • • .versatile spice.This is a naturally occurring hybrid between Malabar and Mysore varieties. is a unique high-yielding cardamom variety developed by an Indian farmer. as it has healing effects in dental infections. • Malabar (Nadan/Native) . Siamese cardamom. tonics." Njallani. Kravan. as it is used in both sweet and salty foods.
Guatemala COUNTRIES WHICH CONSUME CONSUMPTION QUANTITY THIS COMMODITY AND ITS THIS COMMODITY AND ITS Saudi Arabia is the single largest importer of cardamom in the world. Kuwait 4. DEMAND SUPPLY POSITION FOR THE COMMODITY 2. it is also smoked sometimes. followed by Kuwait. Hong Kong 8. Singapore . UAE 5. Following is a list of countries / territories that are the major importers: 1. Elettaria cardamomum (the usual type of cardamom) is used as a spice. COUNTRIES WHICH PRODUCE PRODUCTION QUANTITY 1. China 6.India Following states are the major producers of cardamom in India: • • • Kerala – 70% Karnataka – 20% Tamil Nadu – 10% Idukki district in Kerala is the major cardamomproducing area and places like Udumbanchola taluka. it is used as a food plant by the larva of the moth Endoclita hosei.Australia 3. Peermedu taluka and Devikulam taluka are important centres in Idukki district. a masticatory. Netherlands 9. as cooking spices and as a medicine. Japan 7. and in medicine.INDUSTRIES WHICH CONSUME CONSUMPTION PATTERN THIS COMMODITY AND ITS Both forms of cardamom are used as flavorings in both food and drink. Saudi Arabia 3. United States of America. 2.
when Guatemala pushed her to second place. etc. the US.000 MT per annum (source: Spices Board) and the largest producing ountry is Guatemala followed by India. Middle Eastern countries such as Saudi Arabia and the United Arab Emirates. In 2007-08. account for more than 60% of the world’s consumption.. European countries.• • Global Scenario : Cardamom is generally produced in the tropical regions of the world. and Japan. India’s production fell to around 10. and the Western Ghats are also known as “Cardamom Hills”. and SouthEast Asian countries such as India. The major consuming countries of cardamom are the Middle Eastern countries. as per provisional trade estimates.000 MT due to bad weather conditions. India. Cardamom cultivation is concentrated on the Western Ghats in the country. Consumption of cardamom has sharply increased throughout the world during the last two decades. Indian Scenario : India was the leader in cardamom production till 2000. IMPORTING COUNTRIES AND THE QUANTUM THEY IMPORT . The total world production of this spice is around 35. Pakistan.
Saudi Arabia claims to be the single largest importer of it. Kuwait follows Saudi Arabia in the importing list but is nowhere near the leader. India consumes almost 90% of the domestic production. On the other hand. The maximum demand comes from the western part of the country at around 45% followed by the northern part constituting about 35%. The major exporter countries of this famous spice are • • • • • • • • • Costa Rica Guatemala Indonesia Brazil Nigeria India Thailand Nicaragua South Africa Costa Rica is the largest supplier of cardamom in the world. As India’s production is capable of .EXPORTING COUNTRIES AND THE QUANTUM THEY EXPORT Cardamom world market has seen many changes since it started to get traded. The average exports of cardamom per year stand at around 23000 tons. INDIAN SCENARIO OF THE COMMODITY production quantity : India produces about 12500 MT. the most recent being the fall in the world exports.
major production and trading centres . As India’s production is capable of satisfying the domestic consumption demand. The maximum demand comes from the western part of the country at around 45% followed by the northern part constituting about 35%. The propagation of cardamom plant is done through either of the 2 ways that are planting a part of the rootstalk or planting the seedling of the plant. In India. 2 years. It is a very climate sensitive crop and the output largely depends on it. The cardamom plant is considered matured enough to harvest when the cardamom seeds turn black or brown though the tree is still green. it does not import any cardamom from outside countries. The soil type needed by the plant to prosper is loamy soil enriched with organic matter. the planting period of the cardamom plantation is from august to march and is harvested in around the 3rd year of the time of plantation in the months of October and November. it does not import any cardamom from outside countries. The consumption of cardamom has sharply increased throughout the world during the last two decades.satisfying the domestic consumption demand. consumption quantity : India consumes almost 90% of the domestic production. Moderate shade also plays a key factor in the high cardamom yield. It requires a good amount sunshine and appropriate rainfall. competitiveness vis-à-vis global markets : The largest cardamom producing country currently is Guatemala followed by India and Tanzania. : (provided above in the table) export / import quantity production cycle : Cardamom is a tropical herb that takes a fairly long period to mature i.e.
which is a bit cheaper. 2. Its production has increased significantly from 13500 MT in 2002 to 23000 MT in 2004. Tanzania. VOLUME TRADED IN THE GLOBAL AND DOMESTIC EXCHANGES Global Demand-Supply Scenario : 1. Laos.. SUBSTITUTES FOR THE COMMODITY A substitute for cardamom would be brown cardamom. Guatemala. etc. 3. Sri Lanka. with the same flavor and aroma. ground cloves. mace. Cambodia and Papua New Guinea are the major cardamom growing countries. Guatemala produces nearly two-third of the total global cardamom production. There are a few other spices that one can try using as a cardamom substitute. Vietnam. World production of cardamom is estimated at 30000 -35000 MT. 4. Consumption scenario- Country West Asia Scandinavia Other EU Countries USA Japan Rest . El Salvador. ground cinnamon. that are ground nutmegs. India.
distantly followed by Kuwait.5. Saudi Arabia is single largest importer of cardamom. PRICE MOVEMENTS DURING THE PAST ONE YEAR (IN LOT SIZE) COMMODITY CONTRACT SPECIFICATION .
Year ending stocks and stocks-to-consumption ratio. aroma and size are the major factors that influence cardamom prices. colour. Indian cardamom specially Alleppey Green is a premium grade against all other international grades. However. Freshness. the production and export from Guatemala has profound influence on Indian cardamom prices. in addition to the current supplydemand scenario. Time of arrival of new crop in the market • • • • • • . Weather and annual production of a year. Cardamom is usually stored in cooler areas to preserve its inherent properties.OUTLOOK FOR THE COMMODITY Factors Influencing Cardamom Markets • • Fresh cardamom is green and has a characteristic aroma.
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