INDIAN spice exporters hope that they can overcome weak demand in the US, Europe and other origins to repeat the past fiscal year's volume exports but know it will not be possible to match 2011/12's record income of over $2bn. According to new data from the Indian Spices Board, volume exports in the year to March 2012 rose 9% year-on-year to 575,270 tonnes. This represented a record volume and was chiefly driven by cardamom, turmeric, pepper and cumin seed sales. By value, the growth was even more emphatic, rising 36% to another record of $2.04bn from $1.5bn a year earlier, with chilli and pepper notable gainers. In local currency terms, the gain was 43%... Read More