ELECTRONIC trading of agricultural commodities looks set to surpass volumes traded on Indian stock markets by about 10 times over the next few years according to a recent report by a Chennai financial analyst. According to KV Sanilkumar, the assistant vice-president of Chennai’s Geojit Financial Services (GFSL), the trading volumes of online commodities could well […]
KOCHI’S India Pepper and Spice Trade Association (Ipsta) has launched electronic pepper and rubber futures contracts as part of its ongoing expansion programme. Ipsta is India’s only regional exchange, competing with the National Multi-Commodity Exchange (NMCE) and the National Commodity Exchange (NCE). Since Ipsta is a Section 25 company under the Indian Companies’ Act, a […]
INDIAN cardamom prices have expressed mixed sentiments over the past fortnight due to a combination of limited supplies and curtailed purchasing by buyers. At auctions held in Kerala and Tamil Nadu last week, prices of bold varieties moved up, while those for general bulk material dropped. At auctions held by Cardamom Marketing and Processing Company […]
EUROPEAN essential oil traders are anticipating firm Guatemalan cardamom oil prices over the coming weeks due to a recent pick-up in demand and a decline in origin stocks as the harvest nears completion. Historically, Guatemala’s cardamom crop is harvested between September and March and now that it is drawing to a close, supplies of grades […]
KERALA’S National Multi-Commodity Exchange of India (NMCE) finally began futures trading in cardamom and pulses on February 11 at the Geojit Securities in Kochi. As the leading global producer of cardamom and until recently the largest exporter, India has had limited exports, partly because of heavy domestic demand for the spice. In an attempt to […]
GUATEMALAN cardamom prices are expected to fall during the coming months due to a combination of a large crop and dwindling Middle Eastern demand. According to Guatemalan exporter Excard, prices for the October to March 2003/04 crop have been rising as a result of high demand from the Middle East for bold green and pale […]