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        Case ID :

        Cardamom Trade

        August 5, 2013

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        The details of production, export, import and Auction Price of Cardamom is given below:

        Production, Export, Import & Auction Price of Cardamom

        YEAR

        Production

        Export

        Import

        Auction Price

        Qty(Tons)

        Qty   (Tons)

        Value   (lks)

        Qty   (Tons)

        Value   (lks)

        (Rs./Kg)

        2010-11

        10,380

        1,175

        13,216.25

        75

        656.53

        968.22

        2011-12

        15,000

        4,650

        36,322.28

        51

        361.71

        645.62

        2012-13

        14,000

        2,250

        18,505.92

        495

        1612.44

        699.45

        2013-14 (Apr-May)

        -

        330

        2,664.90

        150

        540.00

        -

        The domestic price of cardamom (Small) witnessed a steady increase for the last few years. The average domestic price has increased from Rs.503.48/kg in 2007-08 to Rs.968.22/kg in 2010-11. Due to the higher production of 15,000 tons in 2011-12, the domestic price declined to Rs.645.61/- during the year. The price again showed an increase during the current crop season (Aug 2012-July, 2013). During the current season the average auction price has reached Rs.693.27 per kg. During last three months the price of Cardamom has shown a declining trend with price reaching Rs.557.80 per kg. in July, 2013. To stabilize prices, the Spices Board is implementing both short & long term measures for increasing the production & productivity of cardamom.

        Though there is no reporting of smuggling, Commissioners of Customs, Ministry of Finance has already been requested to take stringent measures to curb cross-border illegal trade.

        The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. D. Purandeswari in a written reply in the Lok Sabha.

        Price stabilization measures for cardamom linked to production and trade trends; regulatory and enforcement steps announced. To stabilize market prices affected by production and trade fluctuations, the Spices Board is implementing short term and long term measures to increase cardamom production and productivity, while the Ministry of Finance has been requested to direct Commissioners of Customs to adopt stringent measures to prevent cross border illegal trade.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Price stabilization measures for cardamom linked to production and trade trends; regulatory and enforcement steps announced.

                                To stabilize market prices affected by production and trade fluctuations, the Spices Board is implementing short term and long term measures to increase cardamom production and productivity, while the Ministry of Finance has been requested to direct Commissioners of Customs to adopt stringent measures to prevent cross border illegal trade.





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                                Topics

                                ActsIncome Tax
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