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Spices & Exotics

Set Alert for Spices and Exotics

Indian coriander prices to firm

The Indian coriander futures prices showed a gradual rise in the first half of December on crop scarcity after summer floods and a high 2019 export estimate, due to damaged production in the European origins.

Coriander Seed India Price

Bhutan’s government to buy back cardamom stocks

Bhutan’s ministry of agriculture announced that it may buy the remaining 2018 domestic cardamom stock due to current issues with exports to India, its main importer.

Cardamom Bhutan India
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Spices

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Nutmeg and mace prices to firm due to Chinese and Indian demand

The Indian nutmeg harvest has already finished, while the Indonesian has just started and strong Chinese and Indian demand is pushing up prices in the mid-term.

Nutmeg Indonesia

Vanilla market to stabilise

The vanilla market may have weathered the combination of supply shortage and high prices experienced in previous years, led by a recovery in Madagascar, the largest origin.

Vanilla Madagascar

Russian government to invest in spice industry

The Russian government plans to invest up to USD20 million in the increase of production of spices and seasonings in the country next year, according to the country’s Ministry of Agriculture and local producers. 

Russian Federation Spices & Exotics

Larger pepper crop will weaken global prices

The global pepper crop is expected to increase by 6% compared with the previous season, pressuring prices after a short recovery between September and October 2018.

South America Brazil

IEG Vu's November Top 10: Storms hit Chilean fruit, grain industry gathers, sugar sector in 'crisis'

A devastating hailstorm hit growing regions of Chile last month, causing serious damage to crops, while the grain industry gathered in Geneva to discuss the global market situation.

Apple Juice Canned Peaches

Ginger prices to firm due to low crops

The global ginger crop is expected to fall by 15-10%, led by smaller production in India, China and Nigeria, the main origins.

Spices & Exotics Ginger
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Exotics

Set Alert for IEG Vu Spices and Exotics :: Exotics

Flavours giant to acquire French essential oil manufacturer

Givaudan, a Swiss company specialist in flavours and fragrances, is negotiating the acquisition of Albert Vieille, a French specialist in essential oils and aromatic herbs.

Essential Oils Switzerland

Agrofusion trumpets tomato paste export breakthrough

Ukraine's largest tomato paste processor Agrofusion has managed to increase the flow of tomato paste to Europe by 30 times, since the conflict in eastern Ukraine.

Tomato Paste Ukraine

US essential oil company to open subsidiary in Colombia

The US essential oil house Young Living is set to open a South American subsidiary with headquarters based in Bogota, Colombia.

Essential Oils Colombia

Downward pressure on Indian guar gum prices

The daily Indian futures market prices plunged between 5.3-13.9% from October 25 to November 22, contradicting the optimistic forecasts of many analysts due to new oil prospects in the US and Norway and the sharp increase in Indian exports to China.

Waxes & Gums India

New Zealand’s honey maker to crowdfund manuka tree project

The New Zealand manuka honey maker Comvita and the rural fund MyFarm have launched a crowdfunding initiative to grow manuka trees in the Lower North Island.

Honey New Zealand

China’s low aniseed and ginger oil production to push up prices

Chinese aniseed oil processors are competing with spice traders to obtain raw material, after the 2018 harvest fell by 20% against 2017’s, dropping 600-700 tonnes.

Essential Oils China
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