COMMODITY markets sentiments remained bearish last week with prices of cardamom, chilli and pepper declining on the two national commodity exchanges, the newspaper Business Line reports. However, wheat, sugar, cumin seeds and guar gum hardened. Wheat continued rising with November contract on the Ncdex trading at Rs1,119 ($25) per quintal on Friday October 27 compared […]
INDIAN cardamom growers fear that, with the harvest in Guatemala starting in December, smuggling through the Nepal border may impact prices here. Though there has been a drop of Rs100 ($2.20) to Rs150 a kg during the last six to seven weeks, growers are more or less happy with the current price tags. Guatemala is […]
GROWERS and traders of commodities such as pepper and cardamom in India have expressed concerns that markets are being manipulated by cartels, bringing about wild price fluctuations that have no basis in market fundamentals. It was recently noted, for example, that on September 26, 79,000 tonnes of pepper, a similar quantity to the entire year’s […]
INDIA exported a lower volume of spices between April and August compared with the same period last year, but still saw its earnings from spice exports rise in the same period. The volume of spices exported dropped by 3% to 140,231 tonnes compared with 143,880 tonnes in the same period of last year, according to […]