Spices News

Export of spices from India has been 41,585 MT valued Rs.505.74 crores as against 32,650 MT valued Rs.463.21 crores in October 2008. The increase over last year same month is 27% in quantity and 9% in value (14% in dollar terms). Compared to September 2009 also the increase during October is substantial at 10% in volume 16% in value (20% in dollar terms).

Reliable data on production and stock of spices varieties especially pepper is hard to get on a global basis. News reports themselves contradict each other as analysts try to unravel the movement of futures prices which is not the case with most other agri-commodities

Food price index in India moved up to 14.55 percent for the week ended November 7 compared with last week’s 10.07 percent.