CARDAMOM traders are bracing themselves for higher prices over the next three months amid the belief that Guatemalan material is currently undervalued. Over the past month, Guatemalan cardamom exporters cut prices of 2003 stocks to stimulate buying interest ahead of the new crop, which is currently being harvested and should be available in December. European […]
GUATEMALAN cardamom prices have eased over recent weeks in anticipation of a good forthcoming crop coming at a time of relatively weak demand. Last week, some European traders quoted Guatemalan cardamom seeds as declining to $2,900 a tonne cif main European ports from $3,100 a tonne cif a fortnight earlier. Mixed yellow qualities (MYQ) were […]
INDIA’S Spices Board is to implement a Rs1m ($21,500) scheme for setting up large cardamom processing and packing units in north eastern states and Sikkim. It plans to establish 20 units during the current tenth five-year plan period, which ends in 2006/07… Read More
GUATEMALAN cardamom exporters have begun discounting their offers for mixed yellow quality (MYQ) material over recent weeks in an attempt to offload remaining stocks before the forthcoming 2004/05 harvest. Last week, some European traders quoted MYQ cardamoms at $2,200 a tonne cif main European ports compared with $2,400 a tonne a fortnight earlier. One London […]
EUROPEAN spice traders have predicted that global cardamom prices will remain weak during the course of the 2002/03 season and fall further in 2003/04 due to the gradual increments in Guatemala’s harvest. Cardamom prices in Guatemala, the world’s leading exporter, have been declining over the past few years as the crop slowly recovers from the […]
ELECTRONIC trading of agricultural commodities looks set to surpass volumes traded on Indian stock markets by about 10 times over the next few years according to a recent report by a Chennai financial analyst. According to KV Sanilkumar, the assistant vice-president of Chennai’s Geojit Financial Services (GFSL), the trading volumes of online commodities could well […]
KOCHI’S India Pepper and Spice Trade Association (Ipsta) has launched electronic pepper and rubber futures contracts as part of its ongoing expansion programme. Ipsta is India’s only regional exchange, competing with the National Multi-Commodity Exchange (NMCE) and the National Commodity Exchange (NCE). Since Ipsta is a Section 25 company under the Indian Companies’ Act, a […]
INDIAN cardamom prices have expressed mixed sentiments over the past fortnight due to a combination of limited supplies and curtailed purchasing by buyers. At auctions held in Kerala and Tamil Nadu last week, prices of bold varieties moved up, while those for general bulk material dropped. At auctions held by Cardamom Marketing and Processing Company […]
EUROPEAN essential oil traders are anticipating firm Guatemalan cardamom oil prices over the coming weeks due to a recent pick-up in demand and a decline in origin stocks as the harvest nears completion. Historically, Guatemala’s cardamom crop is harvested between September and March and now that it is drawing to a close, supplies of grades […]
KERALA’S National Multi-Commodity Exchange of India (NMCE) finally began futures trading in cardamom and pulses on February 11 at the Geojit Securities in Kochi. As the leading global producer of cardamom and until recently the largest exporter, India has had limited exports, partly because of heavy domestic demand for the spice. In an attempt to […]