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Spice News

Spices Board inaugurates second e-auction centre for cardamom

May 31, 2016: Spices Board set up its second centre for e-auctions of cardamom in Bodinayakanur in the Thenu district of Tamil Nadu, which is also known as the cardamom city.

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Spice exports witness increased international demand

July 29, 2015: Indian spice exports increased by 8 per cent in value terms (rupee) and 9 per cent in volume terms during 2014-15. Total exports of spices and spice products reached Rs 14,899.68 crore during the year, reaching 893,920 tonnes in volume terms. This exceeded the target of 755,000 tonnes for Rs 12,304.9 crore for the financial year.

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Exports of Spices up by 12 per cent

February 17, 2015: Spice exports rose by 12 per cent in volume terms and 9 per cent in value during the first half of the financial year as compared to the corresponding period the previous financial year. Total exports of spices for the period of April- September 2014 period stood at 421,570 tonnes, valued at Rs 6,963 crore which was 56 per cent of the targeted volume and 57 per cent of the targeted value for 2014-15 according to Spices Board, India.

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Price of spices goes up

January 14, 2015: Prices of key spices including cumin, turmeric and cardamom have increased by 25 per cent since December 2014, due to lower acreage, high export demand and steady domestic demand. The price of cumin have increased from Rs 12,000 to Rs 16,250 a quintal, a rise of 35 per cent in two months.

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Rise in demand for Indian spices in global markets

September 25, 2014: Highlighting the trend of increasing demand of Indian spices in global markets, exports of spices and spice products registered a growth of 10 per cent during April-July 2014 as compared to the year-ago period.271,280 tonnes of spices and spice products were exported during the period against 246,060 tonnes in the year-ago period, according to Spices Board data.

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Favourable weather condition to increase pepper production next season

July 31, 2014: Favourable weather conditions will lead to increased black pepper production in the next season. The 2014-15 season which starts from October will witness better production than the current season.

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Affordable drug to treat hypertension from Indian spices

Chennai, June 25, 2014: An animal study done by scientists in Chennai have revealed that spices and condiments that are commonly used in Indian soups, curries and rasam, when taken in a specific proportion with white lotus petals can lower blood pressure.

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India: Targeting spice export of USD 2.3 billion for 2013-14

Kochi, March 27, 2014: India has set a target of $2.3 billion for spice exports for 2013-14. For the nine month period of April-December 2013, the total volume of spices and spices products exported was 5,71,680 tonnes, valued at Rs 9,433 crore, a growth of 41 per cent in rupee terms and a 27 per cent growth both in volume and dollar terms.

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India hosted the World Spice Congress in Kochi

Kochi, February 18, 2014: The World Spice Congress was held in Kochi in February 2014. The event was hosted by the Spices Board and the All India Spices Exporters’ Forum. It provided a platform to global thought leaders, grower representatives, policy-defining bodies as well as leading players from the spice industry and food and beverages companies. Over 700 delegates from 40 countries participated in the event.

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