Economics Of Cardamom

Cardamom is an important cash crop in Kodagu, and plays a significant role in the local economy. The district is one of the largest producers of cardamom in India, and the spice is an important source of income for many farmers in the region.

In recent years, the price of cardamom has fluctuated due to a number of factors, including weather conditions, pest and disease outbreaks, and changes in demand from international markets. In 2019, for example, the price of cardamom reached an all-time high due to a shortage of supply caused by heavy rains and flooding in Kerala, a neighboring state that is also a major producer of the spice.

Despite these fluctuations, cardamom continues to be an important source of income for many farmers in Kodagu. The spice is often sold through local cooperatives or traded on commodity markets, with prices varying depending on factors such as quality, grade, and market demand.

In addition to its economic importance, cardamom is also an important part of the cultural heritage of Kodagu. The spice is often used in traditional medicine and is an important ingredient in many local dishes and beverages.