International Cardamom Association

The ICA (International Cardamom Association) registered in Dubai and with the support of the Government of UAE, has the membership by invite from key suppliers, buyers and policy makers in the cardamom industry. The objective of the association is to provide a platform to take up and find resolution to relevant issues faced by the stakeholders - the farmers, suppliers and the buyers. To maintain high quality of members in the association, membership is offered only to reputed players in the industry. Buyers and Sellers interacting on our online trading platform can have confidence that they are dealing with the best in the industry.

Vision

Be the online trading platform of choice in the spice industry

Mission

The Cardamom Association will provide a platform where the stakeholders in the industry can discuss and resolve issues. This platform will also facilitate efficient and transparent trading of cardamom products. The Association will provide a healthy work environment for its employees.

History of Cardamom

Cardamom , sometimes cardamon or cardamom,is a spice made from the seeds of several plants in the genera Elettaria and Amomum in the family Zingiberaceae. Both genera are native to the Indian subcontinent and Indonesia. They are recognized by their small seed pods: triangular in cross-section and spindle-shaped, with a thin, papery outer shell and small, black seeds; Elettaria pods are light green and smaller, while Amomum pods are larger and dark brown.

Species used for cardamom are native throughout tropical and subtropical Asia. The first references to cardamom are found in Sumer, and in the Ayurvedic literatures of India. Nowadays, it is also cultivated in some other countries, such as Guatemal and Malaysia. The German coffee planter Oscar Majus Kloeffer introduced Indian cardamom (kerala) to cultivation in Guatemala before World War I; by 2000, that country had become the biggest producer and exporter of cardamom in the world, followed by India.

Cardamom is the world's third-most expensive spice, surpassed in price per weight only by vanilla and saffron.

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Uses

Both forms of cardamom are used as flavourings and cooking spices in both food and drink, and as a medicine. E. cardamomum (green cardamom) is used as a spice, a masticatory, and in medicine.It is a common ingredient in Indian cooking. It is also often used in baking in the Nordic countries, in particular in SwedenNorway, and Finland, where it is used in traditional treats such as the Scandinavian Jule bread Julekake, the Swedish kardemummabullar sweet bun, and Finnish sweet bread pulla.

In the Middle East, green cardamom powder is used as a spice for sweet dishes, as well as traditional flavouring in coffee and tea. Cardamom is used to a wide extent in savoury dishes. In some Middle Eastern countries, coffee and cardamom are often ground in a wooden mortar, a mihbaj, and cooked together in a skillet, a mehmas, over wood or gas, to produce mixtures as much as 40% cardamom.

In Asia, both types of cardamom are widely used in both sweet and savory dishes, particularly in the south. Both are frequent components in spice mixes, such as Indian and Nepali masalas and Thai curry pastes. Green cardamom is often used in traditional Indian sweets and in masala chai (spiced tea). Both are also often used as a garnish in basmati rice and other dishes. Individual seeds are sometimes chewed and used in much the same way as chewing gum.


Reference: Wikipedia

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Market News

It’s another dull year for cardamom. A surge in prices after a two month gap has put an end to a revival in shipments.

Source: The Economic Times Kochi: Cardamom is heading for a second consecutive bad year in exports amid escalating price and the absence of Saudi Arabia as a buyer. A surge in prices after a two month gap has put an end to a revival in shipments. Average cardamom prices have risen by about 50 per cent in the past couple of weeks to reach Rs 3,600 per kg. “No export is happening at the current level of prices,’’ said Anjo Jose, executive director of Mas Enterprises, an exporter. Since imposing a total ban on commodities having pesticide residues last year, Saudi Arabia, a top importer for the last so many years, stopped buying Indian cardamom, forcing Indian exporters to seek orders from other countries. “In the absence of Saudi Arabia, shipments were going to the UAE, Kuwait and Bahrain,’’ said Jose. But the volumes were far less. The crop this year suffered from drought and delayed rains. “The production may be just about the same as last year. The daily arrivals which used to average 30 to 50 tonnes have started falling this week ,’’ said PC Mathew, secretary of Cardamom Growers Association. Excess rains last year played havoc with the production which saw a 37 per cent drop to about 13,000 tonnes. Delay in harvest and severe shortage of the spice led to average prices spiralling to a record Rs 4,700 per kg in August with the premium quality peaking to a historic Rs 7,000 per kg. But an increase in arrivals after the harvest cooled down prices which had reached Rs 2,400 per kg by October. Thinning arrivals and the internal demand are keeping the prices high as exports have started dropping. “Growers could be holding stock in anticipation of better prices in the coming months,’’ said Mathew. Many are expecting prices to touch Rs 5,000 per kg, he said. Source: The Economic Times Read more at: https://economictimes.indiatimes.com/markets/commodities/news/its-another-dull-year-for-cardamom/articleshow/73039431.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

DETAILS OF CARDAMOM ARRIVALS AND SOLD IN AUCTION DATE : 06.02.2019

Date Arrivals(Kgs) Sold(Kgs)
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