Abundant rains at the beginning of the year gave way to prolonged drought, leading to dwindling productivity across cardamom growing tracts.
Small and marginal farmers without irrigation suffered the most, affecting the overall production and supply of good quality cardamom.
Drought and fungal disease outbreak resulted in a 30-40% productivity loss, with total cardamom volumes expected to be 15,000 to 18,000 tonnes in 2024 compared to 25,000 tonnes in 2023.
Prices of cardamom have risen significantly from ₹1,650 in January to ₹2,950 per kg in December due to the slump in output, and are expected to reach ₹3,500-3,800 by April 2025.