INDIAN spice exports in the first three months of the new 2009/10 season declined by 19% in volume and 12% in value on a year-on-year basis. This marks the first time since 2003 that the country's spice shipments have slumped both in volume and value terms. The Indian Spices Board said that between April and June 2009, a total quantity of 122,515 tonnes of spices was shipped, compared with 150,920 tonnes in the same period last year. This volume was valued at Rs12.3bn ($252.24m), down from Rs14bn in 2008... Read More