INDIA’S minister of state for commerce, Jairam Ramesh, has reiterated that import duties for rubber, cardamom, cashew and coconut will not be reduced in the proposed free trade agreement (FTA) with Association of South East Asian Nations (Asean). Addressing the Marketing Federation Seminar on Agriculture, Mr Ramesh said that these commodities were in the list […]
THE proposed allocation of part of the Mabira Forest Reserve to the Mehta Group for sugarcane growing will grossly affect exports and production of high value spices, according to sources in Uganda. Universal Foods, a subsidiary of the Fourways Group, has a well established farm comprising cardamom and black pepper at the site that is […]
INDIA has recorded a major boost in the volumes of business across its commodity derivatives exchanges in the 2006/07 fiscal year over that of 2005/06. Total turnover of all commodity exchanges – comprising three national and 21 regional businesses – increased by 70.61% to Rs36.7trn ($856bn) from the previous year’s figure of Rs21.5trn… Read More
INDIAN spice exports up to the end of February crossed the target set for the whole of the April to March fiscal year. According to the Spices Board, exports in the 11-month period went up to 311,000 tonnes against a target for the whole year of 306,000 tonnes. The value earned was Rs30.2bn ($691.86m) when […]