INDIAN vanilla traders are eagerly anticipating the arrival of new demand over the coming weeks as harvesting of the current crop is nearly completed. According to the latest trade estimates, India should produce around 100 tonnes of cured beans this year, which would equate to around 5% of the projected world demand of 2,000 tonnes […]
CARDAMOM prices have remained depressed in southern India over recent weeks due to lack of buying at auctions in Kerala and Tamil Nadu in the face of competitive offers from rival producer Guatemala. At recent auctions, upcountry buyers were inactive and exporters kept away. This weak buying support from domestic dealers was attributed to the […]
INDIA’S Spices Board (ISB) has further extended the airfreight assistance of Rs45 ($1.02) a kg for cardamom exports to West Asian countries up to February 28 in order to make the Indian product competitive in overseas markets. In a bid to boost exports of cardamom and attract a consequent increase in prices, the ISB introduced […]
DAILY trading volumes on India’s three nationallevel multi-commodity futures exchanges suggest that they are multi only in name. While the Multi-Commodity Exchange of India (MCX) seems to be primarily specialising in bullion trading, the National Commodity and Derivatives Exchange (Ncdex) has emerged as an agri-products – and particularly guar – exchange , while the National […]
TURKEY’S Giresun Chamber of Trade and Exchanges (GTB) has announced plans to launch a dedicated hazelnut bourse later this year as part of its ongoing attempts to protect local growers from the vagaries of the world market. Despite being the world’s largest hazelnut producer, Turkey has been unable to influence global prices and, with international […]
SPICE growers in India’s key-producing state of Kerala are to benefit from a federal agricultural crop insurance that has been introduced to offer protection against fluctuating global prices. A national insurance programme is expected to cover growers of cardamom, arecanut, pepper, coconuts, cashews, coconuts, rubber and coffee in the state. Sharad Pawar, India’s agriculture minister, […]