GUATEMALAN cardamom prices are expected to fall during the coming months due to a combination of a large crop and dwindling Middle Eastern demand. According to Guatemalan exporter Excard, prices for the October to March 2003/04 crop have been rising as a result of high demand from the Middle East for bold green and pale […]
GLOBAL cardamom prices have remained steady despite the arrival of the new crop mainly because one major Guatemalan shipper has bought up large quantities amid fears that the 2003/04 harvest will be lower than expected. Guatemala is the world’s largest cardamom producer and the arrival of its new crop generally depresses prices. However, this year, […]
POPULARLY known as the queen of spices, cardamom is a major export earner for Guatemala where it is the fifth largest source of foreign currency and cultivated by about 150,000 farmers. During the Muslim fasting month of Ramadan, sales are normally at their highest but this year, there are grave fears that exports may suffer […]
INDIA’S Spices Board intends to launch a training scheme for unemployed 18 to 30 year-olds to produce 100 agricultural resource experts that will impart key technical advice to local growers. The scheme will cover good agricultural practices for all major exportable spices such as vanilla, cardamom, chilli, pepper, ginger, turmeric and herbs. There will be […]
GUATEMALAN cardamom seeds and sundried material prices have fallen over the last few weeks after indications that the forthcoming crop will be of a good size. Some traders quoted Guatemalan cardamom seed as easing to $3,500 a tonne from $4,500 a tonne a fortnight earlier and mixed yellow quality (MYQ) material as declining to $3,000 […]
EXPORTS of spices from India have fallen significantly during the current fiscal year largely due to the produce being uncompetitively priced on the international market. According to official trade figures, India’s spice exports declined by around 15,000 tonnes during the first quarter of the current financial year, which runs from April 2003 to March 2004. […]
GLOBAL cardamom supplies are expected to come under increased pressure due to fears that India’s crop may be severely reduced after being afflicted by shoot borer mites. Reports from India suggest that shoot borer has attacked 80% of the cardamom plants across Sakleshpur Taluk and that 50% of the plants at Banasree Estate in the […]
EUROPEAN cardamom traders are bracing themselves for a big price fall over the rest of the year amid signs that Guatemala is set to harvest a nearnormal crop for the first time in five years. Guatemala is the world’s largest cardamom producer, accounting for the bulk of global trade in the spice, but over recent […]
CHINESE eucalyptus oil prices are expected to rise over the coming weeks following reports that the last crop was extremely small and exporters will subsequently struggle to meet demand. With the next Chinese crop not due until August, concerns are starting to mount that supplies could run short before then and traders said there had […]
Cardamom looks set to join the growing list of commodities that are creaking under the weight of oversupply but some traders believe prices will not remain in the doldrums for too long. GLOBAL cardamom prices recently touched their lowest point for five years and are expected to remain around current levels in the immediate future […]