INDIAN cardamom prices have continued their steady upward swing, with the average price remaining above Rs400 ($10.15) a kg. For the first time in recent years, the average price at the last auction held in Kumily by the Cardamom Processing and Marketing Company (CPMC) went up to Rs463 a kg. It had been Rs443 a […]
INDIAN cardamom prices continued their upward swing during the week at auctions held in Kerala and Tamil Nadu, despite better arrivals, on good buying support. In Bodinayakannur, 14.53 tonnes of the commodity arrived, of which 13.97 tonnes were sold. The price range for the best 8mm bold variety was Rs425 ($10.65) to Rs549 a kg, […]
ASHORTAGE of cardamom in the two main producers, Guatemala and India, appears to be behind recent price rises for cardamom oil. Cardamom oil was recently quoted at a spot price $140 a kg, compared with $120 a kg in the previous week. Sources who spoke to The Public Ledger said that Guatemala’s cardamom crop appeared […]
A SHORTAGE of cardamom in the two main producers, Guatemala and India, appears to be behind recent price rises for cardamom oil. Cardamom oil was recently quoted at a spot price $140 a kg compared with $120 a kg the previous week. Sources who spoke to The Public Ledger said that Guatemala’s cardamom crop appeared […]
INDIAN farmers are anticipating a major decline in output for a number of key crops in the south of the country due to heavy, untimely rains. With the production season of many crops starting in October there are heightened concerns. For example, September rains have upset cardamom growers in Kerala. The Spices Board had confirmed […]
THE National Multi-Commodity Exchange (NMCE) has become the first commodity exchange in India to introduce futures contracts in menthol crystals. Having received approval from the Forward Markets Commission, the NMCE launched three futures contracts for menthol crystals to expire on October 15, November 15 and December 15, 2007, respectively. Menthol crystals are produced from mentha […]
INDIA’S National Multi-Commodity Exchange (NMCE) is launching 43 new series and six new spread series for futures contract in different commodities from today. The new series include highly traded commodities on NMCE terminals such as pepper, cardamom, rubber, oilseeds and their derivatives. Out of these 43 new contracts, the trading cycle of 37 commodities will […]
HIGHER demand during the ensuing festival season is likely to lift cardamom prices in India given the crunch in supply and the havoc that incessant rains in Kerala have played with this year’s crop. Demand for cardamom usually surges during the festival and winter season in North India, and demand from West Asia also picks […]
INDIA’S spice exports in April to July rose 29% in volume terms and 42% in value from the same period the year before due to good demand for dried chillies, an official from the country’s spices board has said. Spice exports in the four-month period totalled 152,650 tonnes valued at Rs13.85bn ($339.3m). India is likely […]
THE Indian Spices Board is planning to start an electronic auction of chilli in Guntur, a major trading centre, a spokesman said yesterday.”Chilli e-auction will be held in Guntur. It is being planned but no exact date has been specified for that,” the spokesman said. Yesterday, the board started the electronic auction of cardamom in […]