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Spices & Exotics

Set Alert for Spices and Exotics

Firm Indonesian and Vietnamese cassia prices due to tight supply

Cassia prices remain firm in Indonesia and Vietnam, although softening a little bit between August and September due to the proximity of Vietnam’s harvest. 

Cassia Vietnam Indonesia

Japanese flavour company opens factory in Indonesia

Japan’s flavour and fragrance specialist Takasago has just opened a USD25 million processing plant in Indonesia. 

Essential Oils Japan Indonesia

Spices

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Indian coriander area for next crop looks set to decline

Coriander sowing continues in Rajasthan, Gujarat and Madhya Pradesh growing regions. 
Coriander Seed India

Vanilla market is now one for buyers

Downward pricing pressure has turned the world vanilla market into one for buyers, Aust & Hachmann Canada has observed.

Vanilla Papua New Guinea

Poor Chinese and Indian ginger crops push up prices

The ginger harvest has started in the northern hemisphere, with China and India expecting a lower output and increasing prices.

Ginger India

Indonesia proposes list of products for GI protection under future EU trade deal

Varieties of spices, cashew nuts, honey, coffee and rice are among the agricultural products that Indonesia has presented to the European Union for protected status under the proposed Comprehensive Economic Partnership agreement between the two markets.

Indonesia Arabica

Falling Indian cumin seed prices

The Indian cumin seed fob spot price fell to 16,455.25 per quintal (USD229.3/quintal) on December 2, 3.7% less than on November 3 at Unjha market, due to a weak domestic demand.  
Cumin India

Guatemalan cardamom exports may close 2019 with record revenues

Guatemalan cardamom exports increased by 8.3% in volume to 24,043 tonnes and by 52% in value to USD385.1 million from January-September 2019 compared with the same period last year, and so may exceed 2018’s annual revenues, which totalled a record USD433.9 mln, according to customs and Bank of Guatemalan data.

Cardamom Guatemala
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Exotics

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Swiss flavour giant expands Chinese factory

The Swiss flavour and fragrance specialist Givaudan has expanded its factory in the Chinese city of Nantong, adding 16,000 sq metres with a total investment of CHF30 million (USD30.3 mln).
Essential Oils Switzerland

Canadian processor acquires Uruguayan hemp grower

The Canadian cannabidiol (CBD) processor Terrace Global, listed on the TSX Venture exchange, has announced the acquisition of Oransur, an Uruguayan hemp grower for an undisclosed sum.

M&A Canada

China authorises Argentine honey exporters

The Chinese government has just authorised 18 Argentine honey companies to sell in the Asian market, after a certification process coordinated by the latter and Argentina’s Ministry of Agriculture since March 2019.

Honey Argentina

Firmenich to partner with Turkish company

The Swiss ingredients and flavour company Firmenich has announced that it has reached an agreement to partner with the Turkish house MG International Fragrance Company, developing a joint venture.

Turkey Switzerland

Crimean essential oil industry to receive first Russian state support

From next year onwards, Crimean-based companies involved in essential oil production are to receive their first-ever round of financial support from the Kremlin, according to the autonomous republic’s agriculture ministry.

Essential Oils Russian Federation

Gradual recovery in Indian guar gum price

The Indian guar gum fob spot price rose to INR8,097.11 (USD104.8) per quintal on November 11, 9.3% more than on October 14.

Waxes & Gums India
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