Indian spice exports show strong gains in value terms

INDIAN spice exports have shown a 29% increase in rupee value terms over the April to September period despite a decline of 19% in volumes. About 41,500 tonnes of turmeric valued at Rs4.5bn was exported against 28,500 tonnes valued at Rs3.9bn last year…READ MORE

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Bigger area to weaken turmeric

INDIAN spice dealers are expecting a weak trend in the country’s turmeric prices due to reports of an increase in the planted area for the spice and higher arrivals on the spot market. During the week, turmeric spot prices at the Nizamabad market declined by Rs59 per quintal due to weak domestic offtake. Arrivals had […]

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Weak sales send turmeric down

INDIAN turmeric prices have weakened of late due to a lack of demand from both the domestic and export markets. May 2 , the Mumbai traders and analysts observed that turmeric spot values at the Nizamabad mandi had declined by Rs233 ($5.20) per quintal to Rs9,067 as buying interest waned…READ MORE

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Turmeric to buck the trend in Indian bull charge

A NUMBER of key Indian spices are likely to face upward pricing pressure this year, but turmeric is expected to be subject to declines in the second quarter, The Mumbai traders and analysts recalled that in 2010 turmeric…READ MORE

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Spice value to stay hot in 2011

INDIAN spice dealers have already forecast higher prices for a number of key spices in 2011 due to strong demand and, in certain instances, adverse weather as well. The current bullish trend in turmeric was also expected to continue in 2011 even though traders were unsure about the size of the forthcoming crop and turmeric […]

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