INDIA will be the world’s largest spices processing hub by 2017, according to VJ Kurien, chairman of the Spices Board. A vision document for the purpose in being prepared by a team of experts in the Spices Board and will be finalised in three to four months, he said. Currently, the country is handling 44% […]
PRICES of cardamom in the Indian market have started firming due to predictions of a 30% drop in output during the current season following severe drought. Traders said the prolonged dry spell in Kerala’s Idukki and Wayanad districts earlier in the season has caused partial withering of the buds, and crop quality was likely to […]
THE Spices Board of India, plans to float a company that will market branded spices under the Flavoring brand in an effort to ensure that local co-operatives and farmers cultivating these spices get a good price for their produce. This is the board’s second attempt to popularize spices under this brand, the first being that […]
INDIA’S minister of state for commerce, Jairam Ramesh, has reiterated that import duties for rubber, cardamom, cashew and coconut will not be reduced in the proposed free trade agreement (FTA) with Association of South East Asian Nations (Asean). Addressing the Marketing Federation Seminar on Agriculture, Mr Ramesh said that these commodities were in the list […]
THE proposed allocation of part of the Mabira Forest Reserve to the Mehta Group for sugarcane growing will grossly affect exports and production of high value spices, according to sources in Uganda. Universal Foods, a subsidiary of the Fourways Group, has a well established farm comprising cardamom and black pepper at the site that is […]
INDIA has recorded a major boost in the volumes of business across its commodity derivatives exchanges in the 2006/07 fiscal year over that of 2005/06. Total turnover of all commodity exchanges – comprising three national and 21 regional businesses – increased by 70.61% to Rs36.7trn ($856bn) from the previous year’s figure of Rs21.5trn… Read More
INDIAN spice exports up to the end of February crossed the target set for the whole of the April to March fiscal year. According to the Spices Board, exports in the 11-month period went up to 311,000 tonnes against a target for the whole year of 306,000 tonnes. The value earned was Rs30.2bn ($691.86m) when […]
INDIAN spice exports up to the end of February crossed the fiscal target set for the April to March period both in quantity and value by 102 and 121% respectively. According to the Spices Board, exports went up to 311,000 tonnes against a target for the whole year of 306,000 tonnes. The value earned was […]
GUATEMALAN cardamom prices have firmed recently with stocks from last year’s short crop becoming ever tighter. The price of Guatemalan cardamom (mixed yellow quality) was quoted at $2,000 a tonne, compared with $1,900 a tonne in the previous week. Some reports said that the last cardamom crop in Guatemala was down by 20% to 30% […]
INDIA’S earned Rs30bn ($686m) from exports of spices between April and February compared with against Rs21bn in the corresponding period last year. Spice exports totalled 311,000 tonnes in the 11-month period, up by 6% from the same period the year before. Spice oils and oleoresins, including mint products, accounted for 46% of the total export […]