Guatemalan gloom keeps cardamom costly

EXPECTATIONS of a smaller than normal cardamom crop in the world’s top producer Guatemala are the main reason behind current high prices for the spice, according to those who are active in the sector. Traders who spoke to The Public Ledger said that prices recently increased by between 10% and 20% due to a lack […]

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Kerala hosts symposium on spices and other crops

A SYMPOSIUM with the theme, “Plantation Crops for Sustaining Ecosystems,” is being held in Cochin in the Indian state of Kerala from 5th to 8th December, 2006. The seminar will focus on highlighting the relevance of plantation crops in restoring the quality of environment. The symposium, to be hosted by the Indian Cardamom Research Centre […]

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India researches rivals strategy for cardamom

A TEAM from the Indian Spices Board was scheduled to visit Guatemala this week to assess the country’s farming practices and marketing strategies. Guatemala is the world’s largest producer and exporter of cardamom, while India consumes most of the cardamom it produces domestically and is unable to compete with Guatemala on price. The Indian team […]

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India tries to build on spice export success

INDIAN Spices Board officials are confident that the sector as a whole will achieve even higher sales over the coming months than those seen so far in the current financial year. The officials cited a 16% rise in value of spice exports from the country for the first half of this fiscal year, which means […]

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Wheat sugar cumin and guar buck trend in bearish Indian market

COMMODITY markets sentiments remained bearish last week with prices of cardamom, chilli and pepper declining on the two national commodity exchanges, the newspaper Business Line reports. However, wheat, sugar, cumin seeds and guar gum hardened. Wheat continued rising with November contract on the Ncdex trading at Rs1,119 ($25) per quintal on Friday October 27 compared […]

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Indian growers fear influx of Guatemalan cardamom

INDIAN cardamom growers fear that, with the harvest in Guatemala starting in December, smuggling through the Nepal border may impact prices here. Though there has been a drop of Rs100 ($2.20) to Rs150 a kg during the last six to seven weeks, growers are more or less happy with the current price tags. Guatemala is […]

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Indian spice traders blame cartels for huge price fluctuations

GROWERS and traders of commodities such as pepper and cardamom in India have expressed concerns that markets are being manipulated by cartels, bringing about wild price fluctuations that have no basis in market fundamentals. It was recently noted, for example, that on September 26, 79,000 tonnes of pepper, a similar quantity to the entire year’s […]

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Indian earnings defy fall in spice export volumes

INDIA exported a lower volume of spices between April and August compared with the same period last year, but still saw its earnings from spice exports rise in the same period. The volume of spices exported dropped by 3% to 140,231 tonnes compared with 143,880 tonnes in the same period of last year, according to […]

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Indian spice exports decrease due to competition from neighbours

INDIA exported a lower volume of spices from April to August compared with the same period last year, but also saw its earnings from spice exports rise in the same period. The volume of spices exported dropped 3% to 140,231 tonnes compared with 143,880 tonnes in the same period of last year, according to the […]

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ISB rejects call for spices ban

INDIA’S Spices Board has turned down a demand by spice traders in the Agricultural Produce Market Committee (APMC) for an immediate ban on futures trading of cumin seed, turmeric, chilli, cardamom, sesame seed and black pepper. Representatives of the APMC spice traders alleged that the purpose of futures trading was not being served as it […]

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