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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
THE Indian Spices Board is sending a two-man delegation to Guatemala to study the country’s cardamom crop. According to marketing director S Kannan, the Indian Spices Board is in talks with local authorities to send a scientist and an economist to the country soon. This echoes a trip by Indian officials to Madagascar to study […]
INDIAN cardamom growers in Kerala and Tamil Nadu have floated South India Green Cardamom Company, which will take up direct marketing of the produce both within the country and overseas. Green Cardamom, which is registered under the companies act and promoted by 50 planters, will start its first trial retail marketing in Madurai next month, […]
Indian cardamom prices, which had previously surged by Rs 120 ($2.57) a kg in a fortnight, have dropped by Rs 20 at the auction held in the Keralan town of Kumily, the country’s main cardamom trading centre, on Sunday. Ten tonnes were bought by exporters, while the rest was bought by North Indian dealers. The […]