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 were competitive against those of its main rival, Indonesia. "Good export demand was witnessed for Indian nutmeg especially within Asian markets. The good crop ensured that India could supply aflatoxin-free guaranteed material also to Europe," it observed... Read More