Spice traders hope for Indian duty cut

January 20, 2003 By:

GLOBAL spice traders are pinning their hopes on a cut in Indian import duties in next month’s budget to boost demand for cloves and rally prices from their current lows. In its 2002/03 budget released last February, New Delhi raised the import duty on a number of spices to as much as 78% in order […]

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Guatemalan Cardamom Harvests Grow

January 6, 2003 By:

EUROPEAN spice traders have predicted that global cardamom prices will remain weak during the course of the 2002/03 season and fall further in 2003/04 due to the gradual increments in Guatemala’s harvest. Cardamom prices in Guatemala, the world’s leading exporter, have been declining over the past few years as the crop slowly recovers from the […]

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