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Cardamom auction platform’s dealer licence revoked for violating regulatory norms
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Monday, 29 December, 2025, 08 : 00 AM [IST]
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Our Bureau, New Delhi
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In a decisive move to uphold transparency and regulatory compliance in the spice trade, authorities have revoked the dealer licence of a cardamom auction platform after it was found to be in violation of prescribed auction rules and operational guidelines. The action underscores the regulator’s zero-tolerance approach towards irregularities in India’s spice marketing system.
According to officials, the platform was found to have breached multiple conditions governing electronic and physical cardamom auctions, including lapses in auction procedures, non-adherence to bidding protocols, and deviations from mandatory reporting requirements. These violations were flagged during routine inspections and audits conducted as part of ongoing market surveillance.
Cardamom auctions play a critical role in price discovery and ensuring fair returns to growers, particularly in key producing regions such as Kerala, Karnataka and Tamil Nadu. Any deviation from established norms can adversely impact farmer confidence and market integrity. Officials said the licence revocation was carried out after due process, including issuance of notices and providing the platform an opportunity to respond to the findings.
The regulatory authority has advised traders and stakeholders to shift their transactions to authorised auction platforms that fully comply with prescribed standards. It has also reiterated that only licensed dealers are permitted to participate in cardamom auctions, and any attempt to bypass the system will invite strict enforcement action.
Industry participants have welcomed the move, stating that stronger oversight is necessary to maintain credibility and fairness in the spice trade. Transparent auctions, proper documentation, and adherence to quality and grading norms are essential for sustaining domestic and export demand for Indian cardamom.
The regulator has further indicated that monitoring of auction platforms will be intensified in the coming months to prevent similar violations. Stakeholders have been urged to familiarise themselves with auction regulations and ensure full compliance.
The action serves as a clear signal that regulatory authorities remain committed to protecting the interests of farmers, traders, and buyers while strengthening governance in India’s spice marketing ecosystem.
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