India had a very successful year for spice exports in 2012/13, but this was not surprising, according to Yogesh Mehta, founder of Mumbai-based broker SpicExim. In the 12 months to March 31, 2013 India exported 699,170 tonnes of spices valued at INR111.71 billion (USD1.77 bln ) compared with 575,270 tonnes worth INR97.83 bln in 2011/12. […]
The international cardamom market has entered a confusing phase in terms of the outlook for crops in India and Guatemala following reports of heavy rains in both key origins. A recent report from Spicexim warned that heavy rainfall in Indian cardamom growing areas in July and August had led to crop damage, prompting estimates of […]
Indian nutmeg producers have benefited from a good crop in the country this year, Mumbai-based international broker Spicexim noted in a market report covering July and August 2013. The country is also seeing positive developments in the cumin seed market. Spicexim noted that as a result of a favourable crop, Indian nutmeg prices this year […]
The government of Nepal is considering including tea in a list of products for which it plans to apply for duty-free access under the US Generalized System of Preferences (GSP), potentially providing a boost to the country’s tea industry. The previous GSP system, which is aimed at promoting economic growth in the world’s least developed […]
Cardamom prices have been subjected to downward pressure of late due to large expected output in Guatemala and India, while demand remains lacklustre. Andrew Barker, managing director of PBA Brokerage, told The Public Ledger: “Indian exporters are reporting that the new crop in India is going to be big. Apparently a lot of contracts for […]
KOCHI: With widespread adoption of high-yielding varieties, Indian cardamom production is fast catching up with the levels achieved by Guatemala, its traditional rival in the field. In ’12-13, the country produced around 12,000 tonne of small cardamom. “The Spices Board’s final estimates show that production stood at 11,920 tonne,” Mr Koshy John, director, Development, Spices […]
Indian cardamom prices have been subjected to downward pressure of late due to 2012 crop carryover stocks of about 2,000 tonnes and the early start of harvesting of this year’s crop. In a July 16 market report, Emperor Akbar Green Cardamom of Mumbai confirmed that harvesting of the new crop had started early due to […]
Prices of most Indian spices have held steady over the first half of this year as demand has remained favorable despite global economic concerns, Mumbai-based international broker Spicexim observed in a report released this month. The company noted that the trade had adjusted to the economic environment prevalent over the last three years. Price fluctuations […]
India’s new cardamom crop has started and is expected to be of a decent size after favourable levels of rainfall. Mumbai-based Emperor Akbar Green Cardamoms said in a June 26 market report: “There has been excellent rainfall in the plantations with good climatic conditions for cardamom.” The company noted that currently, the new crop consisted […]
Guatemala recorded a strong first quarter of the year on cardamom exports, with overall shipments 14.5% ahead of those achieved in the same period of 2012. In all, the country shipped a total of 13,384 tonnes of cardamom to global destinations between January and March 2013 compared with 12,077 tonnes in the first quarter of […]