INDIA’S Commerce Ministry is likely to approve the export subsidy proposal for cardamom within the next few weeks in order to increase exports and halt the fall in domestic prices of the commodity. According to a report in the Indian newspaper The Hindu, the subsidy would cover costs such as local transport, processing and export […]
INCREASED availability from other origins appears to have depressed exports of Indian chilli and coriander in the first quarter of the current fiscal year, compared with the same period a year earlier. Exports of chilli dropped to 33,000 tonnes valued at Rs1.14bn ($26.13m) between April and June, from 40,143 tonnes worth Rs1.48bn in the same […]
INDIA’S Spices Board (ISB) has announced plans to conduct a market study for selling branded cardamom in the West Asian market in a bid to boost exports to the region. “A consultant is to be selected from bidders for the project, ” said ISB chairman CJ Jose. “It must be remembered that India was once […]
SMALL and marginal growers of cardamom and vanilla in India will receive government help in improving irrigation and cardamom curing devices, according to reports from the country. Organised by India’s Spices Board, the two schemes will see inputs totalling Rs13m ($298,507) being invested in small cardamom and vanilla plantations across the country over the current […]
AHMEDABAD’S National Multi Commodity Exchange (NMCE) of India launched ready delivery contract trading in Malabar garbled black pepper and RSS-4 grade rubber in the southern Indian city of Kochi on June 7. S Sundareshan, chairman of the Forward Markets Commission (FMC) said: “The product is on the lines of the T+2 settlement system in equity […]
THE Indian government has approved subsidy schemes proposed by the Spices Board to assist cardamom and vanilla growers. Cardamom growers will benefit from a fuel-efficient curing method. In addition, 300 cardamom and 200 vanilla growers will benefit from rainwater harvesting projects… Read More
WITH Guatemala’s 2004/05 cardamom crop acknowledged to be smaller than originally anticipated, spice traders believe that global cardamom prices will remain generally firm over the coming months. Since Guatamala is the world’s largest cardamom producer and exporter, the size of its crop, which is harvested between September and March, is pivotal in determining international prices. […]
STIFF competition from Guatemala has substantially pushed down Indian exports of cardamom. Despite domestic production in excess of 10,000 tonnes and a healthy exportable surplus, India exported only 600 tonnes of cardamom during the 2004/05 fiscal year, compared with 690 tonnes the year before. India’s highest ever exports were achieved in 1985/86 when 3,272 tonnes […]
INDIA’S National Multi Commodity Exchange (NMCE) has announced that it will introduce ready delivery contracts through its online trading platform in order to provide an impetus to the trade flow in commodities. Kailash Gupta, NMCE’s managing director said: “The ready contracts, being introduced shortly, will be precisely on the lines of the T+2 (trading day […]
EUROPEAN spice traders are expecting global cardamom prices to remain firm over the coming months due to a smaller than anticipated 2004/05 Guatemalan crop. Guatemala is the world’s largest cardamom producer and exporter so international prices are determined by the size of its crop. Typically, harvesting is undertaken between September and March. Last August, initial […]