India beats its targets for 2006-07 spice exports

INDIAN spice exports up to the end of February crossed the target set for the whole of the April to March fiscal year. According to the Spices Board, exports in the 11-month period went up to 311,000 tonnes against a target for the whole year of 306,000 tonnes. The value earned was Rs30.2bn ($691.86m) when […]

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Indian spice exports exceed overall targeted volume and value

INDIAN spice exports up to the end of February crossed the fiscal target set for the April to March period both in quantity and value by 102 and 121% respectively. According to the Spices Board, exports went up to 311,000 tonnes against a target for the whole year of 306,000 tonnes. The value earned was […]

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Cardamom costly as buyers struggle between crops

GUATEMALAN cardamom prices have firmed recently with stocks from last year’s short crop becoming ever tighter. The price of Guatemalan cardamom (mixed yellow quality) was quoted at $2,000 a tonne, compared with $1,900 a tonne in the previous week. Some reports said that the last cardamom crop in Guatemala was down by 20% to 30% […]

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India increases volume of spice exports and revenue accrued

INDIA’S earned Rs30bn ($686m) from exports of spices between April and February compared with against Rs21bn in the corresponding period last year. Spice exports totalled 311,000 tonnes in the 11-month period, up by 6% from the same period the year before. Spice oils and oleoresins, including mint products, accounted for 46% of the total export […]

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Indian cardamom prices dip on slow demand despite low arrivals

INDIAN cardamom prices have been falling slightly at auctions held by Cardamom Processing and Marketing Company in Kumily, Kerala due to slow demand, despite thinning supplies, dealers said. Supply of fresh stock is down with the peak season of harvest coming to an end, a dealer said. Arrivals at Kumily have fallen to 47 tonnes […]

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Short Guatemalan crop puts pressure on Indias cardamom supply

INDIAN spice traders have seen major increases in the country’s cardamom prices due to an uptake in demand which has emerged following reports that Guatemala is facing a much smaller crop in 2006/07. As reported in The Public Ledger earlier this month, trade estimates have pegged Guatemala’s latest crop in the region of 21,000 tonnes […]

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India increases spice export revenues on higher world prices

INDIA earned more from its spice exports in the first nine months of this financial year (April to December) than it did in the full previous financial year, new figures show. Spice exports from the first three quarters of this year earned India Rs23.35bn ($512.23bn), which is up from Rs17.81bn in the same period the […]

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India Spices Board to build parks to help growers

INDIA’S Spices Board is proposing to set up a series of spice parks containing facilities which will benefit growers and processors. The parks, which are to be set up in the heart of spice-growing areas, will have warehousing facilities, including cold storage, and quality control laboratories that will help Indian spices meet international trading standards… […]

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Low output fuels Guatemalan cardamom prices

GUATEMALAN cardamom prices look likely to face increases over the coming weeks due to an expected fall in output. According to the latest trade estimates, Guatemala’s 2006/07 cardamom crop, harvesting of which is expected to finish in March, will total around 21,000 tonnes compared with 25,000 tonnes in 2005/06 and 32,000 tonnes in 2004/05… Read […]

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Indian spice exports show a 31 percent value increase

INDIA has recorded a 31% value rise in spice exports over the first nine months of the 2006/07 fiscal year due to generally higher prices. According to figures from the Spices Board India has already achieved 93% of the target fixed for the whole year. Total spice exports over the period were 250,000 tonnes, worth […]

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