INDIA’S plantation industry has urged the government to remove the sector from the Minimum Wages Act. D P Maheswari, president of the United Planters’ Association of Southern India, said: “The state governments are acting as if they are concerned about the ground realities of an open economy. Indian plantation sector has the disadvantage of a […]
CARDAMOM plantations in Kerala, India have returned to business after an indefinite strike by workers was called off. The strike, which lasted 12 days, hit plantations at a time when the cardamom plants needed most attention; and was withdrawn after a wage settlement on the lines of that accepted by tea workers of the state. […]
INDIA’S Multi Commodity Exchange is planning to launch coriander seed futures from next week, a senior official said on Thursday. India is the largest producer of coriander and it has exported about 6,750 tonnes during the first two months of 2008/09, up 48% from a year ago. Other spices listed in the futures market include […]
INDIA’S Spices Board will provide financial support for replantation of cardamom in the three cardamom growing states of Kerala, Karnataka and Tamil Nadu. The replantation support will be extended in two annual instalments. Cardamom growers owning up to four hectares in Kerala and Tamil Nadu will qualify for a financial package of Rs17,780 ($414.50) as […]
INDIA’S forthcoming crop of green cardamom is likely to be further delayed due to lack of rains, putting an additional squeeze on existing tight supplies, industry sources have reported. A team of experts from Indian company Emperor Akbar Green Cardamoms wrote in a June 16 market report that due to inadequate and delayed rainfall, India’s […]
FAVOURABLE weather in the cardamom producing regions of the southern Indian states of Kerala and Tamil Nadu is likely to see cardamom production for fiscal 2008/09 touch the 13,000-tonne mark, according to farmers. This would be a substantial improvement on the 2007/08 crop, which has been pegged at 6,500 to 7,000 tonnes, 40% lower than […]
INDIAN spice exports hit an all-time high of Rs44.36bn ($1.04bn) in the 2007/08 season led by good sales of pepper and chilli, well ahead of the Rs35.75bn achieved in 2006/07. In volume terms, the country’s overseas sales of spices were 19% ahead of the previous season at 444,250 tonnes compared with 373,750 tonnes before. The […]
INDIAN cardamom prices rose about 10% over the last month due to falling arrivals, rising export demand and a weak rupee, local analysts and traders have observed. At 4:02pm on May 15, the benchmark June contract on the Multi Commodity Exchange of India was trading at Rs633.50 ($14.85) per kg, up 0.56%. The contract rose […]
INDIAN cardamom production is likely to double within four years to touch 24,000 tonne, according to V Kurian, chairman of the country’s Spices Board. Mr Kurian told the Financial Express that the massive re-plantation and rejuvenation exercise undertaken by the board would yield result in four years. He explained that the board is spending Rs1.22bn […]
INDIA has set an all-time record in spices exports in 2007/08 by exceeding the $1bn mark in value. During 2007/08, India exported 444,250 tonnes of spices and spice products valued at Rs44.35bn ($1.04bn) VJ Kurien, chairman of the Spices Board said. Exports have shown a growth of 19% in volume and 39% in dollar value. […]