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8 billion worth of cardamom exports in a year
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Highlights
- Despite the 50% decrease in production, the price has increased, but only 4% impact on the export price
According to the customs department, cardamom worth 7.94 billion 9.64 thousand rupees was exported last financial year. According to the department, 5 million 18 thousand 335 kg of cardamom was exported. Compared to the previous year, the export value has decreased by 4 percent and the quantity has decreased by 50 percent.
In the last financial year, 99 lakh 91 thousand 149 kg of cardamom worth 8 billion 27 crore 68 lakh rupees was exported.
Nirmal Bhattarai, president of the Nepali Cardamom Traders Federation, said that cardamom production decreased by 50 percent last year compared to the previous year, but the price He said that due to the increase, the export price was not greatly affected.
Production decreased by 50 percent, so the quantity of cardamom also decreased slightly. But due to the increase in prices, the export price has only been reduced," he said.
Cardamom was traded at 60,000 rupees last year and this year it was traded at 90,000 rupees, Bhattarai said. He said that although the production has decreased, the export price of cardamom has not been significantly affected as the price has increased. However, if the cardamom production did not decrease, the federation estimated that the export of cardamom would be worth up to 12 billion rupees this year.
Cardamom production has been decreasing for the last two years due to various reasons such as lack of timely rain and undesired rain. It should have rained in January and February for cardamom. But this year it rained in March. Cardamom plants also died due to drought," he said. "This year, cardamom production was reduced by 50 percent. So now production will decrease by 20 to 25 percent.'
प्रकाशित : श्रावण ९, २०८१ १५:३४
