PLANS by India’s spice trade to commence largescale cardamom futures trading have yet to take off across the country following the inability of the Spices Board of India (SBI) to issue quality certificates to delivered products. According to the planned trading arrangements, growers would deliver their cardamom to exchange-approved warehouses and the SBI would issue […]
INDIAN cardamom exports look set to remain high over the coming weeks following the Spices Board of India’s (SBI) decision to extend its air freight subsidy scheme until the end of December.Under the terms of the support programme, exporters receive what effectively amounts to a transport subsidy. The scheme had originally been introduced on October […]
INDIAN cardamom growers are fearful that production might lag behind demand by up to 25% this season due to expectations of a surprise surge in overseas orders. At the beginning of the cardamom season in September, the Spices Board of India (SBI) predicted that the country’s output would rise by 5% from the previous year. […]
INDIA’S National Multi-Commodity Exchange (NMCE) has pledged to continue trading its cardamom futures contract in defiance of calls for its immediate suspension. Since the launch of the contract almost a year ago, many people across the industry have called for it to be scrapped. However, Kailash Gupta, the NMCE’s managing director, said that the contract […]