Spices & Exotics
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Sharp fall in Nepalese cardamom exports
Nepal’s cardamom exports fell by 37.7% in volume to 1,858 tonnes and by 42.8% to NPR1.5 billion (USD13.7 million) in H1 2018/2019 (15 July-15 January) compared with the same period in the previous season, due to a higher Indian crop in that period, according to Nepalese authorities.
Bearish Indian turmeric prices after a brief recovery
Indian turmeric prices started to fall from April 9 onwards, after experiencing a gradual recovery from April 1 due to strong 2018/19 crop.
Spices
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US dried fruit, wine and tomato ketchup could be hit with new EU import tariffs
US food and drink products could be hit with additional import duties by the European Union, as a trade dispute between the two markets over aircraft subsidies escalates.
Gradual Russian coriander oil price rise
European demand for Russian coriander oil has increased, despite higher prices due to a poor coriander seed crop last year.
Recovery in Indian coriander prices
The Indian coriander spot fob price experienced a strong recovery in March, confirming the previous forecast due to strong international demand and a poor crop estimate.
Increase in Vietnamese and Brazilian black pepper prices
Vietnamese and Brazil black pepper prices experienced growth despite high global stocks.
IEG Vu Prices Briefing: Brexit mutes UK dairy, EU lamb jumps, cocoa bounces
Unsettled political events in the UK continues to cloud the dairy market, as the spring lamb revival triggers firmer EU prices. Cocoa futures also witnessed an upward price slant despite still mounting supplies, while Hungarian sweetcorn has been impacted by the Listeria outbreak.
Bhutan to test long-term cardamom buyback programme
Bhutan’s government has approved an additional BTN50 million (USD721,858) budget to test a long-term cardamom buyback policy, after the domestic industry resumed exports to India in the first week of January.
Exotics
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US dried fruit, wine and tomato ketchup could be hit with new EU import tariffs
US food and drink products could be hit with additional import duties by the European Union, as a trade dispute between the two markets over aircraft subsidies escalates.
Sharp fall in Ukrainian honey exports
Ukraine’s honey exports fell by 27% in volume to 49,460 tonnes and by 26.7% in value to USD98.2 mln in 2018 compared with the previous year.
Gradual Russian coriander oil price rise
European demand for Russian coriander oil has increased, despite higher prices due to a poor coriander seed crop last year.
Record Cuban’s organic honey crop
Cuba produced 1,900 tonnes of organic honey in 2018, a record figure, accounting for 21.5% of the total crop, according to the national honey company Apicuba.
Big rise in cross-border food fraud cases recorded in EU
The number of requests from one European country to cooperate with others on food fraud cases shot up in 2018 compared to previous years, according to the latest annual report on the activities of the EU Food Fraud Network.
Sudanese political instability will cut gum Arabic exports
The Sudanese gum Arabic industry is working in full swing after experience a crop of around 50,000 tonnes, following average in previous years, although current political instability has slowed export procedures.
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