Singapore draws down stocks as it loses hub status

SINGAPORE’S role as a trading hub in the spice market has diminished considerably over the past year, with a drawdown of stocks as a result. According to the latest import figures, Singapore brought in 33,921 tonnes of key spices during 2010, a 26% fall from 45,753 tonnes a year earlier. It exported 23% less over […]

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Saudi Arabia key in cardamom despite rivals gains

GUATEMALAN cardamom exports were nearly 8% higher in 2009, as sales to top destination Saudi Arabia recovered from the dip witnessed in the first half of the year. Sales to Saudi Arabia between January and June last year were 34% down from the same period of 2008 (see The Public Ledger, September 7, 2009, page […]

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India records large boost in spice exports

INDIA recorded an 18% boost in its spice exports in value terms this January compared with the same month last year. In January 2010 around 34,436 tonnes of spices valued at Rs4.3bn ($93.57m) was exported against 30,870 tonnes valued at Rs3.65bn in January 2009, the Spices Board said. Exports of cardamom, chilli, garlic, nutmeg and […]

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Buying strategy not to be sneezed at

Better supply from Vietnam is typically bearish for pepper but the question of when buyers – who have run down stocks if possible – will step into the market is crucial this year. ALTHOUGH pepper is seen as a relatively recession-proof item in terms of overall consumption, economic uncertainty has meant that global buyers have […]

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India lifts spice exports value by 18 Percent in January

INDIA recorded an 18% boost in its spice exports in value terms this January compared with the same month last year, driven by strong advances in shipments of chilli, cardamom and ginger. In January 2010 around 34,436 tonnes of spices valued at Rs4.3bn ($93.57m) was exported compared with 30,870 tonnes valued at Rs3.65bn in January […]

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