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Cardamom Auction

Green Cardamom or Cardamom Small are sold via auctions. Unlike other spices, it does not possess a fixed market price due to the nature of its trade pattern. Traders and farmers are depending on Auction centers operated by the Spices Board of India. The main reason for this kind of trade is unknown, but it is assumed that the reason might be the way green cardamom grade is calculated.

Small Cardamom Market

The quality of green cardamom is determined by several factors that make local trades difficult when it comes to pricing. Apart from quantity, gradation, and pricing, it was illegal to carry the yields to wishful markets. Now that is an old story. The central government has removed the obstacles so that each farmer can sell his agricultural produces anywhere in India by any means as he wishes. Farmer or farmer’s organizations are free to do any interstate or intrastate trading in agricultural produce in spite of any other law prohibiting such free business. So spices trade can be done by physical or online. No license is needed for selling or purchasing agricultural products. One may need only to have a PAN to do the business.

Green Cardamom Pricing

The pricing of green cardamom is still based on the cardamom auction dealt by the Spices Board of India. Since 2007 it is an e-auction or electronic auction unlike the traditional open-outcry auction (English auction).

The main two auction centers by Spices board are Cardamom e-auction center in Bodinaykanur, Theni district, Tamilnadu, and e-auction center in Vandanmedu, Idukki district, Kerala. Both have the capacity to deal with simultaneous bidders with forty terminals and sixty terminals respectively.

cardamom auction center
Address of e-auction centers

Common e-Auction Centre, Spices Board of India
Vandanmettu, Idukki district – 685551
Kerala

Common e-Auction Centre, Spices Board of India
Cardamom Planter’s Association (CPA),
Bodinayikanur, Theni district – 625513
Tamilnadu

Here you can find the official website of Spices Board and cardamom auction.

Anyone can contact the Spices Board for applying to be an auctioneer, bidder or seller. It is an example of a modern marketplace for spices.