Guatemalan Cardamom Exports Increase by 177.6%
Up to and including May 14, a record of $172.3 million for sales of the grain was registered with respect to the $62.1 million sold during the same period in 2008.
Monday, May 25, 2009
According to data from the Bank of Guatemala, almost all cardamom is exported to the countries of Saudi Arabia, UAE, Jordan, Kuwait, India, Pakistan, Syria, Israel and Singapore.
The current harvest will not be in time to take advantage of peak consumption which occurs during Ramadan, which this year has been moved forward in the calendar.
After a difficult year because of the impact of the Thrips pest and declining international prices, at the end of 2014 $240 million were generated in export earnings.
In the first three months of 2011 foreign sales reached 8.1 million kg, 46% more than in the same period in 2010.
According to Banguat, currency earnings by this item for the first six months of the year were $110 million, or 46.1% more than for the same period in 2007.
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