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Rajesh Ravi
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Pepper prices touched 10-year-low
India is the largest consumer of pepper in the world and the second-largest producer after Vietnam.
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Indian shrimp exports to US likely to grow 15%
India was the largest exporter of frozen shrimp to the US in 2017 with 32% share after some south Asian producers like Thailand suffered due to diseases in fish farms.
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Jeera to trade lower on good stocks, lower export demand
Jeera is estimated to trade lower in October due to good stocks and lower export demand. Arrivals are seen higher year-on-year with last season production higher than normal.
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Kerala tourism sector pegs loss due to floods at Rs 2k crore
Kerala tourism lost Rs 2,000 crore in the recent floods with damages due to cancellation of bookings during August-October pegged at Rs 1,500 crore,officials of the Kerala Travel Mart (KTM) Society said on Tuesday.
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Cardamom prices up on supply woes
Supply constraints, which have pushed down the cardamom arrivals by 20-25%, are likely to keep the market high, traders said.
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Kerala cashew exporters seek fresh working capital
Distressed cashew exporters from Kerala have petitioned the central government to stop all recovery proceedings and help with fresh working capital.
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Kerala set to see sharp decrease in tourist arrivals in Q2 due to floods
Kerala is likely to see a sharp fall in both foreign and domestic inbound tourists in the second quarter of the fiscal, with famous destinations like Munnar and Wayanad ravaged by flood waters.
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‘Kerala flooding seen only thrice in 150 years’
Flooding in Kerala was due to an extreme weather event seen only thrice in the last 150 years, Joseph PV, former director of India Meteorological Department (IMD), said.
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Tea output may fall by 40%
Tea production and transportation from Kerala is estimated to come down significantly due to rains and infrastructure damages.
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Kerala plantations suffer Rs 700-crore damage from torrential rains
Plantation in Kerala is reeling under the havoc caused by heavy rains since the start of monsoon season.
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Eased cabotage law helps raise transshipment from Indian ports: Secretary
Relaxation of the cabotage law has helped increase transshipment from Indian ports, and by the end of the year, 10% of Indian cargo transshipped abroad would be pulled back to Indian ports, shipping secretary Gopal Krishna said on Friday.
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Assam tea plantation workers’ wage hike may hit margins
Margins of bulk tea producers in the two largest tea producing states are estimated to come under pressure with the interim enhancement of wages, according to a report by ICRA.
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Good rains to boost turmeric production
Good rains in the turmeric producing areas, especially the traditional area of Erode, are likely to boost the production of the commodity this season.
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US duty hike unlikely to hit Indian shrimp exports: Icra
The hike in anti-dumping duty on Indian shrimp exports to US in the final review by the US Department of Commerce (USDoC) is unlikely to have a material impact on Indian exports, says rating agency ICRA.
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Over-invoiced pepper causing harm to local industry: Traders
India is the largest consumer of pepper in the world and the second largest producer after Vietnam.
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Export demand, weak rupee to support tea market: Icra
Export demand for tea from Iran and weak rupee is likely to support the Indian tea market, says a report on Indian tea by rating agency Icra.
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Stagnant supply to push India’s vegetable oil imports: Report
India is the world’s biggest vegetable oil importer and primarily imports palm oil from Indonesia and Malaysia. More than 70% of India’s edible oil demand is met from imports.
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Black tiger shrimps to help diversify seafood export basket
India will focus on aquaculture farming of black tiger shrimps in order to de-risk and diversify the seafood export basket, Marine Products Export Development Authority (MPEDA) chairman A Jayathilak said on Thursday.
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Global palm oil output likely to drop after 2022, says Report
Global palm oil production is likely to drop after 2022 due to declining yield from old plantations and insufficient replanting activities in both Indonesia and Malaysia, according to a report by Rabobank.
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India’s shrimp exports to US seen robust
Indian shrimp exports to the US are likely to be robust and higher in 2018 despite a global supply glut due to higher production in most countries.
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Coconut production rose substantially since 2014: Govt
Coconut production has increased substantially in India in the last four years with increase seen in both productivity and area under cultivation, a report by the ministry of agriculture & farmers welfare states.
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Cashew kernel exports set to fall on declining interest from processors
Cashew kernel exports from the country are likely to go down in the coming fiscal with nearly 700 processors in Kerala shutting shop due to nonviable operations, a top official of the Cashew Export Promotion Council of India (CEPCI) said on Thursday.
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India’s shrimp production may increase by 10% in 2018: FAO
According to trade sources, Indian aquaculture production is estimated to touch a record 7 lakh tonne during the current fiscal and reach 1 million tonne by 2020.
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Kochi-Koottanad KKBMPL project: Gas pipeline launch to yield solid gains
Work on the KKBMPL Phase-II project — estimated to cost Rs 2,915 cr — connecting Kochi to Bengaluru and Koottanad to Mangalore started in January, 2012.
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Cochin SEZ exports rise record 705% in April 2018
Merchandise exports from the Cochin special economic zone (CSEZ) have shown a remarkable 705% year-on-year increase during April 2018 , while the total exports from all special economic zones for the month grew by 5% .
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Cardamom prices seen weak on robust supply, sluggish demand
“Market is surprised by the robust supply in these months which is considered off-season for cardamom. Supply of cardamom is now round-the-year and robust while consumption is seasonal,” he said. He estimates that cardamom market will be under pressure if the supply remains unabated when fresh arrivals resume in June-July.
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Manappuram Fin AUM rises 16%
Gold loan NBFC Manappuram Finance is confident of good growth in the current fiscal with assets under management (AUM) registering consistent growth.
