Spices Board to set-up electronic auction platform for cardamom sale in Sikkim

The Spices Board of India has decided to set-up an electronic auction platform in next six months in Sikkim for sale of organic large cardamom. This step taken by the board will help farmers fetch better price as there is a huge demand for large cardamom. Sikkim farmers are currently selling the spice on the physical auction platform, set up by the Board in 2010-11.

It will also help farmers get higher price in view of rising domestic and export demand for the organic spice product. The auction price of large cardamom is presently ruling all time high at Rs 1,700 per kg here.

India is the world’s largest spices producer and exporter. The country’s spices exports had touched a record $2.4 billion last fiscal. Sikkim produces about 90% of the country’s total output of 4,500 tonnes of large cardamom.