INDIA’S National Multi-Commodity Exchange (NMCE) is launching 43 new series and six new spread series for futures contract in different commodities from today. The new series include highly traded commodities on NMCE terminals such as pepper, cardamom, rubber, oilseeds and their derivatives. Out of these 43 new contracts, the trading cycle of 37 commodities will […]
HIGHER demand during the ensuing festival season is likely to lift cardamom prices in India given the crunch in supply and the havoc that incessant rains in Kerala have played with this year’s crop. Demand for cardamom usually surges during the festival and winter season in North India, and demand from West Asia also picks […]
INDIA’S spice exports in April to July rose 29% in volume terms and 42% in value from the same period the year before due to good demand for dried chillies, an official from the country’s spices board has said. Spice exports in the four-month period totalled 152,650 tonnes valued at Rs13.85bn ($339.3m). India is likely […]
THE Indian Spices Board is planning to start an electronic auction of chilli in Guntur, a major trading centre, a spokesman said yesterday.”Chilli e-auction will be held in Guntur. It is being planned but no exact date has been specified for that,” the spokesman said. Yesterday, the board started the electronic auction of cardamom in […]
INDIA’S spice exports are likely to reach $1bn by 2008/09 due to higher demand for chilli, cumin and mint products, according to VJ Kurian, chairman of the state-run Indian Spices Board. Data from the group forecast that India is likely to export spices worth $875m in 2007/08, up 10% from a year ago. Mr Kurian […]
INDIA’S spice exports are likely to reach $1bn by 2008/09 due to higher demand for chilli, cumin and mint products, according to VJ Kurian, chairman of the state-run Spices Board. Data from the board predicts that India is likely to export spices worth $875m in 2007/08, up 10% from a year ago. Mr Kurian told […]
PRICES of the top Indian spices have moved in different directions, with limited supplies of ginger and cardamom pushing offers steadily northwards and plenty of turmeric tending to make its price sag. A protracted dry spell during the summer, followed by heavy rains and strong gales during the delayed southwest monsoon, has caused a marked […]
GUATEMALA is expecting a healthy cardamom crop this year, despite reports of an earthquake affecting production. A Guatemalan exporter told ThePublic Ledger that production in 2007 would be higher than last year’s 26,000 tonnes. A recent report in the Indian Press said that Indian cardamom prices had reached Rs468 ($11.47) a kg, due to reports […]
GUATEMALA is expecting a healthy cardamom crop this year, despite reports of an earthquake there affecting production. A Guatemalan exporter told The Public Ledger that production in 2007 would be higher than last year’s 26,000 tonnes. A recent report in the Indian Press said that Indian cardamom prices had reached Rs468 ($11.47) a kg, due […]
TRADERS are trying to establish the extent of damage caused by Tropical Storm Barbara to crops in Guatemala and Mexico. The storm reportedly lashed coffee and sugar growing areas near the Pacific Coasts of the two countries on June 2. Barbara made landfall shortly before dawn carrying sustained winds of 50mph and higher gusts, before […]