PRICES of cardamom have witnessed a declining trend in major Indian markets, particularly Kerala, following sufficient summer rain in the growing areas, which has boosted expectations of a good crop. Bearish sentiment at the auctions saw average prices initially dropping to Rs1,140 ($25.16) a kg from Rs1,175 a kg, and further to just Rs1,116 a […]
PRICES of cardamom have witnessed a declining trend in major Indian markets, particularly Kerala, following sufficient summer rain in the growing areas, which has boosted expectations of a good crop. Bearish sentiment at the auctions saw average prices initially dropping from Rs1,175 ($26.35) a kg to Rs1,140, and further to Rs1,116 a kg on Monday […]
THE Indian Spices Board’s prestigious “topmost exporter” annual award for 2007/08 and 2008/09 has been won by the Mumbai-based Jabs International, which shipped out various spices worth Rs4.5bn ($101.3m) and Rs5bn in the two years. The company is said to be the country’s leading exporter of cumin seed and the export basket included whole spices […]
SINGAPORE’S role as a trading hub in the spice market has diminished considerably over the past year, with a drawdown of stocks as a result. According to the latest import figures, Singapore brought in 33,921 tonnes of key spices during 2010, a 26% fall from 45,753 tonnes a year earlier. It exported 23% less over […]
GUATEMALAN cardamom exports were nearly 8% higher in 2009, as sales to top destination Saudi Arabia recovered from the dip witnessed in the first half of the year. Sales to Saudi Arabia between January and June last year were 34% down from the same period of 2008 (see The Public Ledger, September 7, 2009, page […]
INDIA recorded an 18% boost in its spice exports in value terms this January compared with the same month last year. In January 2010 around 34,436 tonnes of spices valued at Rs4.3bn ($93.57m) was exported against 30,870 tonnes valued at Rs3.65bn in January 2009, the Spices Board said. Exports of cardamom, chilli, garlic, nutmeg and […]
Better supply from Vietnam is typically bearish for pepper but the question of when buyers – who have run down stocks if possible – will step into the market is crucial this year. ALTHOUGH pepper is seen as a relatively recession-proof item in terms of overall consumption, economic uncertainty has meant that global buyers have […]
INDIA recorded an 18% boost in its spice exports in value terms this January compared with the same month last year, driven by strong advances in shipments of chilli, cardamom and ginger. In January 2010 around 34,436 tonnes of spices valued at Rs4.3bn ($93.57m) was exported compared with 30,870 tonnes valued at Rs3.65bn in January […]
INDIAN spice exports will cross the $1bn mark in the current financial year, said V J Kurien, chairman of the Spices Board. Until December, the country had exported spices worth $830m, despite the economic recession. Speaking at a press conference, Mr Kurien said in the first half of the current year, export sales were suffering […]
GUATEMALAN cardamom prices have shown renewed strength in recent weeks as ongoing demand puts the squeeze on already tight supplies. In the week ending January 15, European traders quoted Guatemalan cardamom seeds as rallying to $30,000 a tonne cif main European ports from $25,000 a tonne cif a week earlier and mixed yellow qualities (MYQs) […]