Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Cardamom crosses Rs 1,800 a kg on rise in demand, drop in output >
  5. Cardamom crosses Rs 1,800 a kg on rise in demand, drop in output

Online Export Import Data Search

Complete Training Video : Click Here

Cardamom crosses Rs 1,800 a kg on rise in demand, drop in output.


Date: 26-04-2019
Subject: Cardamom crosses Rs 1,800 a kg on rise in demand, drop in output
Kochi: Rising demand and a plunge in output may drive small cardamom prices to record level this year. The average prices crossed Rs 1,800 per kg on Wednesday while the premium variety touched Rs 2,000 per kg. The local prices have been ruling above Rs 1,200 per kg for several months. 

“Last time the prices touched such a level was back in 2011. Chances are the prices may go up further in the coming months as the next crop is anticipated to be lower,” said PC Mathew, general secretary of Cardamom Growers Association. The May contract for delivery in MCX traded at Rs 1,746.50 per kg on Wednesday The prolonged dry weather in the past few months led to drying of the plants. The current spell of summer rains may not help. “About 30-40 per cent of the crop have been damaged. What is left will grow. As a result, the harvest season is likely to get extended from the usual July-August period,” said KK Saseendra Babu, MD of Vandanmedu Green Gold Cardamom Producer. Last year, production was 50 per cent lower at 10,000 tonnes. The coming crop is expected to be slightly lower as per the current situation. High local demand and export have spurred the price rally. Export to Saudi Arabia, the largest consumer, ground to a halt a year ago with the country banning food products containing pesticide residue. But exporters say the country has given approval for import of consignments with certificates from laboratories approved by it. 

But small quantities are getting exported to other Gulf countries like Dubai, Kuwait and Doha. They are purchasing at a higher price before the Ramadan fasting begins by mid- May. “I have been supplying at a higher rate of $23-24 per kg. But with local prices increasing to over Rs 1,750 per kg the export prices may rise to $26 per kg, But they are willing to buy at that rates as no other good quality cardamom is available in the market now,” said major exporter SPGR Nityanandan. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-09-2019



Date: 17-09-2019
Notification No. 30/2019-Customs
Seeks to amend notification No. 50/2017-Customs dated 30.06.2017 to reduce basic customs duty on Open cell (15.6” and above) for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels and certain goods for use in the manufacture of Open cell of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panels.

Date: 14-09-2019
NOTIFICATION No. 37/2019-Customs (ADD)
Seeks to impose the definitive anti-dumping duty on the imports of "Electrical Insulators" originating in, or/and exported from China PR.

Date: 14-09-2019
NOTIFICATION No. 36/2019-Customs (ADD)
Seeks to rescind notification No. 11/2015-Customs (ADD) dated 11th April, 2015.

Date: 13-09-2019
Notification No. 64/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 13-09-2019
Public Notice No. 33/2015-2020
Annexure I to Appendix 2A revised.

Date: 13-09-2019
PUBLIC NOTICE NO. 32/2015-2020
Enlistment under Appendix 2E of M/s Expo Overseas Entrepreneurs Association (EOEA) Indore Madhya Pradesh- Authorized to issue Certificate of Origin (Non-Preferential)- reg.

Date: 13-09-2019
Notification No. 65/ 2019-Customs (N.T.)
Amending Notification No. 12/97-CUSTOMS (N.T.), dated the 2nd April, 1997 so as to include Barhi, Distt Sonepat, Haryana

Date: 13-09-2019
Circular No. 31/2019-Customs
Revised Norms for Execution of Bank Guarantee under Advance Authorisation, DFIA and EPCG Schemes

Date: 12-09-2019
Notification No. 43/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI -reg.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001