INDIA’S Spices Board, encouraged by the government’s recent decision to fix a tariff for the import of poppyseeds, wants the administration to impose a similar tariff for the import of cardamom to protect local growers. The board said traders in the country are becoming increasingly concerned at the level of cheaper imports of the spice. […]
INDIAN spice exports are on a roll, with most expected to exceed their annual export targets by signifcant margins. Against the 2007/08 target of 380,000 tonnes valued at Rs36bn ($910m), as much as 79% of the volume and 81% in value terms has already been achieved in eightmonths, according to advanced estimates for the period […]
INDIA’S Spices Board has confirmed that e-auctions in cardamom will be under way in Vandanmettu, Kerala on December 8. Cardamom auctions in the country will be concentrated in two places in Tamil Nadu and Kerala with the Spices Board all set to begin e-auctions on December 8. The board set the ball rolling on e-auctions […]
MERRIL Lynch and Citigroup have been given permission by the ForwardMarkets Commission (FMC) to acquire a 5% stake each in the Multi Commodity Exchange of India (MCX). The aggregate 10% stake was purchased from Financial Technologies (India) Ltd (FTIL), which plans to invest the proceeds in the National Spot Exchange and National Bulk Handling Corporation. […]
INDIAN cardamom prices have continued their steady upward swing, with the average price remaining above Rs400 ($10.15) a kg. For the first time in recent years, the average price at the last auction held in Kumily by the Cardamom Processing and Marketing Company (CPMC) went up to Rs463 a kg. It had been Rs443 a […]
INDIAN cardamom prices continued their upward swing during the week at auctions held in Kerala and Tamil Nadu, despite better arrivals, on good buying support. In Bodinayakannur, 14.53 tonnes of the commodity arrived, of which 13.97 tonnes were sold. The price range for the best 8mm bold variety was Rs425 ($10.65) to Rs549 a kg, […]
ASHORTAGE of cardamom in the two main producers, Guatemala and India, appears to be behind recent price rises for cardamom oil. Cardamom oil was recently quoted at a spot price $140 a kg, compared with $120 a kg in the previous week. Sources who spoke to The Public Ledger said that Guatemala’s cardamom crop appeared […]
A SHORTAGE of cardamom in the two main producers, Guatemala and India, appears to be behind recent price rises for cardamom oil. Cardamom oil was recently quoted at a spot price $140 a kg compared with $120 a kg the previous week. Sources who spoke to The Public Ledger said that Guatemala’s cardamom crop appeared […]
INDIAN farmers are anticipating a major decline in output for a number of key crops in the south of the country due to heavy, untimely rains. With the production season of many crops starting in October there are heightened concerns. For example, September rains have upset cardamom growers in Kerala. The Spices Board had confirmed […]
THE National Multi-Commodity Exchange (NMCE) has become the first commodity exchange in India to introduce futures contracts in menthol crystals. Having received approval from the Forward Markets Commission, the NMCE launched three futures contracts for menthol crystals to expire on October 15, November 15 and December 15, 2007, respectively. Menthol crystals are produced from mentha […]