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 4:02 pm 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 […]
THE introduction of an e-auction for cardamom by the Spices Board of India, at Vandanmedu, and Bodinayakkanur in Tamil Nadu, has ensured accountability and transparency in trading, according to market sources. The e-auction was started at Bodinayakkanur with 30 computers in August before it was launched at Vandanmedu in December with 60 computers. Sources in […]
INDIAN Spice exports between April 2007 and February 2008 rose by 16% to 377,000 tonnes from 325,076 tonnes in the same period of the previous financial year. Exports earnings also jumped 19% Rs37.85bn ($940.47m) against Rs31.77bn in the same period of 2006/07. According to the latest estimates of the Spices Board, export earnings exceeded the […]
CARDAMOM prices continued their downward trend last week on weak buying support at auctions held in Kerala and Tamil Nadu. The individual grades average prices fell by over Rs50 ($1.2358) a kg during last week from that of the previous week. The reasons attributed to the gradual decline included no sales in the upcountry markets, […]
TRADERS and analysts in India have forecast that the country’s cardamom prices are likely to decline about 10% by the middle ofMarch because earlier sharp increases in price have had a dampening effect on both domestic and export demand. N Ranganath, manager at Kerala Cardamom Processing & Marketing Company, said: “The prices have been rising […]
INDIAN cardamom prices are likely to decline about 10% by the middle of March as both domestic and export demand retreated in the face of a sharp spike in prices in the last few months, according to analysts and traders. N Ranganath, manager, Kerala Cardamom Processing & Marketing Company, said: “The prices have been rising […]
INDIA is working on a broad strategy to develop its spices industry to improve its sales to both the local and foreign market, Jairam Ramesh, the country’s minister of commerce, said in his address to open the 9th World Spice Congress in Goa, India. Mr Ramesh first reminded delegates that the mainstay of the Indian […]
INDIA is working on a broad strategy to develop its spices industry to improve its sales to both the local and foreign market, Jairam Ramesh, the country’s minister of commerce, said in his address to open the 9th World Spice Congress in Goa, India. Mr Ramesh first reminded delegates that the mainstay of the Indian […]
CARDAMOM growers in Idukki, India, have been encouraged by the higher prices seen in the current season to take up replanting in those estates where the plants were destroyed by drought last year. According to Joseph Kalluvettikuzhiyil, a grower in the district, replanting has taken place in around 1,000 hectares and more areas would be […]
Demand remains strong for spices despite widespread price rises following poor crops in key producing countries, suggesting the value of trading will rise even higher in 2008. HIGH prices following poor crops, the weak US dollar and strong demand, particularly for production of oleoresins, sent the value of global spice trading through the $3bn barrier […]