November 7, 2023 | Investopaper
In the first three months of the current fiscal year (Shrawn to Ashoj), cardamom exports have surged by 56 percent. According to data from the Ministry of Agriculture, cardamom exports have increased by 56.8 percent, resulting in exports worth Rs. 1.89 billion. The rising demand for cardamoms in international markets has contributed to this growth. In the previous fiscal year, cardamom exports amounted to Rs. 1.2 billion within the same period.
As per the department’s statistics, in the fiscal year 2079/80, cardamom exports reached Rs. 8.27 billion. This data indicates a remarkable 72 percent growth in cardamom exports during the preceding year. In the fiscal year 2078/79, Nepal exported cardamoms worth Rs. 4.81 billion.
The demand for cardamoms produced in eastern districts of Nepal has been on the rise in international markets. Cardamoms, also known as “Kalo Sun,” have gained recognition for their quality and are mainly grown in more than 43 districts of Nepal.
During the fiscal year 2077/78, Nepal exported approximately 8,857.34 metric tons of cardamoms, equivalent to Rs. 7.02 billion. Similarly, in 2076/77, Nepal exported cardamoms worth Rs. 4.01 billion.
The primary export destinations for Nepali cardamoms include Germany, India, Italy, and Pakistan. India, in particular, has rebranded Nepali cardamoms and marketed them in various other countries.