INDIAN spice exports hit an all-time high of Rs44.36bn ($1.04bn) in the 2007/08 season led by good sales of pepper and chilli, well ahead of the Rs35.75bn achieved in 2006/07. In volume terms, the country’s overseas sales of spices were 19% ahead of the previous season at 444,250 tonnes compared with 373,750 tonnes before. The […]
INDIAN cardamom prices rose about 10% over the last month due to falling arrivals, rising export demand and a weak rupee, local analysts and traders have observed. At 4:02pm on May 15, the benchmark June contract on the Multi Commodity Exchange of India was trading at Rs633.50 ($14.85) per kg, up 0.56%. The contract rose […]
INDIAN cardamom production is likely to double within four years to touch 24,000 tonne, according to V Kurian, chairman of the country’s Spices Board. Mr Kurian told the Financial Express that the massive re-plantation and rejuvenation exercise undertaken by the board would yield result in four years. He explained that the board is spending Rs1.22bn […]
INDIA has set an all-time record in spices exports in 2007/08 by exceeding the $1bn mark in value. During 2007/08, India exported 444,250 tonnes of spices and spice products valued at Rs44.35bn ($1.04bn) VJ Kurien, chairman of the Spices Board said. Exports have shown a growth of 19% in volume and 39% in dollar value. […]
INDIAN cardamom prices rose about 10% over the last month due to falling arrivals, rising export demand and a weak rupee, local analysts and traders have observed. At 4:02 pm on May 15, the benchmark June contract on the Multi Commodity Exchange of India was trading at Rs633.50 ($14.85) per kg, up 0.56%. The contract […]
THE introduction of an e-auction for cardamom by the Spices Board of India, at Vandanmedu, and Bodinayakkanur in Tamil Nadu, has ensured accountability and transparency in trading, according to market sources. The e-auction was started at Bodinayakkanur with 30 computers in August before it was launched at Vandanmedu in December with 60 computers. Sources in […]
INDIAN Spice exports between April 2007 and February 2008 rose by 16% to 377,000 tonnes from 325,076 tonnes in the same period of the previous financial year. Exports earnings also jumped 19% Rs37.85bn ($940.47m) against Rs31.77bn in the same period of 2006/07. According to the latest estimates of the Spices Board, export earnings exceeded the […]
CARDAMOM prices continued their downward trend last week on weak buying support at auctions held in Kerala and Tamil Nadu. The individual grades average prices fell by over Rs50 ($1.2358) a kg during last week from that of the previous week. The reasons attributed to the gradual decline included no sales in the upcountry markets, […]
TRADERS and analysts in India have forecast that the country’s cardamom prices are likely to decline about 10% by the middle ofMarch because earlier sharp increases in price have had a dampening effect on both domestic and export demand. N Ranganath, manager at Kerala Cardamom Processing & Marketing Company, said: “The prices have been rising […]
INDIAN cardamom prices are likely to decline about 10% by the middle of March as both domestic and export demand retreated in the face of a sharp spike in prices in the last few months, according to analysts and traders. N Ranganath, manager, Kerala Cardamom Processing & Marketing Company, said: “The prices have been rising […]