Cardamom oil (Guatemala)

The crop was late and 10% below average.  No carry overs from previous year and strong opening market.  Ramadan is early this year so Middle East market has opened very strong.  Yields are below average.  Prices remain strong.

Interest is steady, with Guatemalan origin in demand despite high prices. Material remains available.  

Prices for cardamom oil are reaching historic heights, as many producers are struggling to keep pace with global demand.

Availability of cardamom oil from Guatemala is extremely low and prices are expected to rise as a result of recent supply shortages. Relief is not expected until the new crop.