Cardamom exports surge 62.5 percent, set to hit record
Summary
Nepal's large cardamom exports surged 62.5% in the first eight months of the fiscal year, reaching 4,605 tonnes worth Rs9.49 billion, and are expected to top Rs11 billion by year-end, driven by expanded cultivation and rising demand, mainly from India.
Key Points
- Nepal exported 4,605 tonnes of large cardamom worth Rs9.49 billion in the first eight months of the current fiscal year, a 62.5% increase from last year.
- The surge is attributed to higher prices and expanded cultivation, with production rising 20-25% this year.
- India is the primary buyer of Nepali large cardamom, re-exporting it to Pakistan and the Middle East where it commands premium prices.
- Nepal is the world’s fifth-largest cardamom producer and ranked fourth among global exporters in 2023, with exports nearly tripling over the past decade.
