India records major boost in global spice sales

Indian spice exports have shown substantial volume and value gains over the April to September 2013 period, data from the country’s Spices Board showed. The country’s total overeas spice sales increased by 20% year-on-year to 378,755 tonnes from 314,835 tonnes previously. Value was up 43% over the 2013 period at INR61.18 billion (USD994.43 mln) against […]

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Heavy rains cloud outlook for key cardamom crops

The international cardamom market has entered a confusing phase in terms of the outlook for crops in India and Guatemala following reports of heavy rains in both key origins. A recent report from Spicexim warned that heavy rainfall in Indian cardamom growing areas in July and August had led to crop damage, prompting estimates of […]

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Indian nutmeg producers gain from favourable output

Indian nutmeg producers have benefited from a good crop in the country this year, Mumbai-based international broker Spicexim noted in a market report covering July and August 2013. The country is also seeing positive developments in the cumin seed market. Spicexim noted that as a result of a favourable crop, Indian nutmeg prices this year […]

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Nepal could add tea to products under US GSP

The government of Nepal is considering including tea in a list of products for which it plans to apply for duty-free access under the US Generalized System of Preferences (GSP), potentially providing a boost to the country’s tea industry. The previous GSP system, which is aimed at promoting economic growth in the world’s least developed […]

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Cardamom prices fall amid ample supplies

Cardamom prices have been subjected to downward pressure of late due to large expected output in Guatemala and India, while demand remains lacklustre. Andrew Barker, managing director of PBA Brokerage, told The Public Ledger: “Indian exporters are reporting that the new crop in India is going to be big. Apparently a lot of contracts for […]

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Cardamom takes on Guatemala

KOCHI: With widespread adoption of high-yielding varieties, Indian cardamom production is fast catching up with the levels achieved by Guatemala, its traditional rival in the field. In ’12-13, the country produced around 12,000 tonne of small cardamom. “The Spices Board’s final estimates show that production stood at 11,920 tonne,” Mr Koshy John, director, Development, Spices […]

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Indian cardamom shows bearish trend

Indian cardamom prices have been subjected to downward pressure of late due to 2012 crop carryover stocks of about 2,000 tonnes and the early start of harvesting of this year’s crop. In a July 16 market report, Emperor Akbar Green Cardamom of Mumbai confirmed that harvesting of the new crop had started early due to […]

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Indian spices appear to be holding mostly steady trend

Prices of most Indian spices have held steady over the first half of this year as demand has remained favorable despite global economic concerns, Mumbai-based international broker Spicexim observed in a report released this month. The company noted that the trade had adjusted to the economic environment prevalent over the last three years. Price fluctuations […]

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India set for good cardamom crop

India’s new cardamom crop has started and is expected to be of a decent size after favourable levels of rainfall. Mumbai-based Emperor Akbar Green Cardamoms said in a June 26 market report: “There has been excellent rainfall in the plantations with good climatic conditions for cardamom.” The company noted that currently, the new crop consisted […]

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