CARDAMOM oil prices, which rose to spectacular highs throughout last year, have crashed down by around 24% since October 2010 although rumours of a recovery are abound. During 2010 cardamom prices started a rapid ascent from $350 per kg on a spot basis from Guatemala in February to $590 per kg in October, when things […]
THE Indian Spices Board has launched the first major processing hub for pepper and cardamom at Puttady in Kerala’s Idukki district in an effort to boost the export of value added spice products. The Rs270m ($5.87m) spice park has been set up over 12.5 acres of land, purchased and leased out to the Indian Spices […]
INDIA’S exports of spices and spice products during April to December 2010 were up 16% in value year-on-year and 3% in volume. Over the period the country shipped a total of 391,560 tonnes compared with 378,950 tonnes in the same period of 2009, generating Rs48.8bn ($1.05bn) in revenue against Rs42.22bn between April and December 2009, […]
INDIA’S exports of spices and spice products during April to December 2010 were up 16% in value year-on-year and 3% in volume. Over the period the country shipped a total of 391,560 tonnes compared with 378,950 tonnes in the same period of 2009, generating Rs48.8bn ($1.05bn) in revenue against Rs42.22bn between April and December 2009, […]
EUROPEAN cardamom dealers are becoming increasingly convinced that the 2010/11 Guatemalan crop will come in at the low range of estimates as opposed to the more optimistic forecasts, as prices remain firm. In December, one group of exporters in Guatemala was convinced that the crop should amount to more than 24,000 tonnes and that prices […]
THE Indian Spices Board has launched the first major processing hub for pepper and cardamom at Puttady in Kerala’s Idukki district in an effort to boost the export of value added spice products. The Rs270m ($5.87m) spice park has been set up in 12.5 acres of land, purchased and leased out to the Spices Board […]
EUROPEAN cardamom dealers are becoming increasingly convinced that the 2010/11 Guatemalan crop will come in at the low range of estimates as opposed to the more optimistic forecasts, as prices remain firm. In December, one group of exporters in Guatemala was convinced that the crop should amount to more than 24,000 tonnes and that prices […]
A NUMBER of key Indian spices are likely to face upward pricing pressure this year, but turmeric is expected to be subject to declines in the second quarter, Kotak Commodity Services said in its annual outlook for commodity markets in 2011. The Mumbai-based trader and analyst recalled that in 2010 turmeric, black pepper, cardamom and […]
A NUMBER of key Indian spices are likely to face upward pricing pressure this year, but turmeric is expected to be subject to declines in the second quarter, Kotak Commodity Services said in its annual outlook for commodity markets in 2011. The Mumbai-based trader and analyst recalled that in 2010 turmeric, black pepper, cardamom and […]
INDIAN spice dealers have already forecast higher prices for a number of key spices in 2011 due to strong demand and, in certain instances, adverse weather as well. Normal to marginally lower production has been predicted for pepper. After hovering around Rs140 ($3.07) per kg, prices shot above Rs200 per kg towards the end of […]