INDIAN spice exporters are keen on generating sales of ginger to Japan, a market which is being served by China, according to Spices Board chairman VJ Kurien. Speaking at a press briefing on the forthcoming Spices Congress, Mr Kurien said the exporters would like to tap the Japanese markets, which were mainly organic. He explained […]
GUATEMALAN cardamom oil prices have been subjected to sharp increases of late, following the same upward trend being seen in prices for the spice itself. Harvesting of Guatemala’s cardamom crop is not due to be completed untilMarch/April but at this early stage sources at origin have claimed that the forthcoming crop will be substantially lower […]
GUATEMALAN cardamom prices are expected to be prone to increases over the coming weeks due to strong demand and early indications of a possible decline in output. Harvesting of the cardamom crop spans the period from October to the end of March/April so it is still a long time until a clear picture of the […]
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 […]
INDIAN spice traders and Spices Board officials are becoming increasingly concerned that stubbornly high domestic prices might prompt higher volumes of spices to be imported into India over the next few months. This fear comes in spite of the fact that the country’s total spice imports over the first eight months of the 2007/08 season […]
A strong Indian rupee cut earnings across many sectors in the world’s top commodity exporter in 2007, but good sales and industry efforts helped the spice sector defy this NOT in the last quarter century since India worked itself into position as the world’s top commodities exporter has it faced a situation when its performance […]
INDIA’S Spices Board, encouraged by the government’s recent decision to fix a tariff for the import of poppyseeds, wants the administration to impose a similar tariff for the import of cardamom to protect local growers. The board said traders in the country are becoming increasingly concerned at the level of cheaper imports of the spice. […]
INDIAN spice exports are on a roll, with most expected to exceed their annual export targets by signifcant margins. Against the 2007/08 target of 380,000 tonnes valued at Rs36bn ($910m), as much as 79% of the volume and 81% in value terms has already been achieved in eightmonths, according to advanced estimates for the period […]
INDIA’S Spices Board has confirmed that e-auctions in cardamom will be under way in Vandanmettu, Kerala on December 8. Cardamom auctions in the country will be concentrated in two places in Tamil Nadu and Kerala with the Spices Board all set to begin e-auctions on December 8. The board set the ball rolling on e-auctions […]
MERRIL Lynch and Citigroup have been given permission by the ForwardMarkets Commission (FMC) to acquire a 5% stake each in the Multi Commodity Exchange of India (MCX). The aggregate 10% stake was purchased from Financial Technologies (India) Ltd (FTIL), which plans to invest the proceeds in the National Spot Exchange and National Bulk Handling Corporation. […]