INDIA’S Spices Board is aiming to venture into the retail arena by floating a company to market spices in India and abroad. The company will be called Flavourit Spices Trading and will focus on selling a range of spices under the brand name Flavourit. Minister of state for commerce Jairam Ramesh said: “The board has […]
THE value of India’s spices exports grew by a healthy 36% during the recently completed 2006/07 season, boosted by greater efforts to become a global processing hub. While the export growth in volume terms was limited to 7%, the unit value realised showed a significant increase. According to the Indian Spices Board, 374,000 tonnes of […]
INDIAN spices exports registered an overall growth of 36% during the complete 2006/07 season. While the export growth in volume terms was limited to 7%, the unit value realised showed a significant increase. According to the Spices Board, 374,000 tonnes of spices were exported realising Rs35.75bn ($792.95m) compared with a revenue of Rs26.27bn from 350,000 […]
EUROPEAN spice traders have noted a sustained rise in the price of Guatemalan mixed yellow quality (MYQ) cardamom over the course of the 2006/07 season. Moreover, the traders are not willing to rule out the possibility of further increases over the coming weeks due to smaller output from the latest crop. Some traders have quoted […]
INDIA will be the world’s largest spices processing hub by 2017, according to VJ Kurien, chairman of the Spices Board. A vision document for the purpose in being prepared by a team of experts in the Spices Board and will be finalised in three to four months, he said. Currently, the country is handling 44% […]
PRICES of cardamom in the Indian market have started firming due to predictions of a 30% drop in output during the current season following severe drought. Traders said the prolonged dry spell in Kerala’s Idukki and Wayanad districts earlier in the season has caused partial withering of the buds, and crop quality was likely to […]
THE Spices Board of India, plans to float a company that will market branded spices under the Flavoring brand in an effort to ensure that local co-operatives and farmers cultivating these spices get a good price for their produce. This is the board’s second attempt to popularize spices under this brand, the first being that […]
INDIA’S minister of state for commerce, Jairam Ramesh, has reiterated that import duties for rubber, cardamom, cashew and coconut will not be reduced in the proposed free trade agreement (FTA) with Association of South East Asian Nations (Asean). Addressing the Marketing Federation Seminar on Agriculture, Mr Ramesh said that these commodities were in the list […]
THE proposed allocation of part of the Mabira Forest Reserve to the Mehta Group for sugarcane growing will grossly affect exports and production of high value spices, according to sources in Uganda. Universal Foods, a subsidiary of the Fourways Group, has a well established farm comprising cardamom and black pepper at the site that is […]
INDIA has recorded a major boost in the volumes of business across its commodity derivatives exchanges in the 2006/07 fiscal year over that of 2005/06. Total turnover of all commodity exchanges – comprising three national and 21 regional businesses – increased by 70.61% to Rs36.7trn ($856bn) from the previous year’s figure of Rs21.5trn… Read More