NMCE wary of suspending cardamom futures

November 29, 2004 By:

INDIA’S National Multi-commodity Exchange (NMCE) is wary of acceding to a request by the Indian Spices Board (ISB) to temporarily suspend futures trading in cardamom on the grounds that the prices quoted in the contract were far below prevailing at auctions. The NMCE is of the view that futures trading should fall under the jurisdiction […]

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Cardamom prices set to rise

November 1, 2004 By:

CARDAMOM traders are bracing themselves for higher prices over the next three months amid the belief that Guatemalan material is currently undervalued. Over the past month, Guatemalan cardamom exporters cut prices of 2003 stocks to stimulate buying interest ahead of the new crop, which is currently being harvested and should be available in December. European […]

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