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Indian branded spice market set to reach Rs 50,000 crore in three years: Ramkumar Menon, Chairman, WSO
World Spice Organisation Chairman, Ramkumar Menon, sees India's branded spice market surging to Rs 50,000 crores in three years. With a 20% share in the global spice export market, valued at USD 21 billion, India's spice exports grew by 6% in FY24. Chilli dominates global demand.
Turmeric: The miracle herb that can be the answer to your indigestion & acne problems!
In Thailand, turmeric is also often consumed in its spice or supplement form to quell gastrointestinal symptoms such as bloating and indigestion.
Centre notifies establishment of National Turmeric Board
The Indian government has established a National Turmeric Board aimed at increasing awareness about turmeric and boosting exports. The board will provide leadership on turmeric-related matters and coordinate with other government agencies to develop the sector. India currently dominates the global turmeric market, accounting for over 62% of the world's trade.
PM Modi announces formation of National Turmeric Board during his Telangana visit
During his visit to Telangana, Prime Minister Narendra Modi announced the formation of a National Turmeric Board to support turmeric farmers. India is a major producer and exporter of turmeric, and the board will help farmers market their produce and take advantage of increased global demand.
Piyush Goyal urges spice industry to explore new markets to reach $10 billion exports by 2030
Citing an example, the minister said, during Covid-19 pandemic, the demand for turmeric grew tremendously because of its medicinal properties and in terms of exports it has the potential to reach USD 2 billion.
Humans have been using turmeric for over 4K years, but does it actually measure up to health claims?
While turmeric is reported to contain over 100 different compounds, most of its reported health benefits are linked to specific compounds called curcuminoids (the most abundant being curcumin).
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Commodity Talk: Jeera price may test Rs 50,000 in 1 year, says Anuj Gupta of IIFL Securities
This price appreciation is basically due to the mismatch in demand and supply as tight supplies across the globe have engineered elevation in price levels.A trade on turmeric & sideways strategy for Bhel
Its price peaked in December and formed a lower high in January and is now sustaining below the crucial swing low of Rs 7,700. Recently, the price had been consolidating between Rs 7,450-Rs 7,180. Now the price has breached this range on the lower side. Price is now expected to resume its downslide which has started since breaching the swing low.Daily use NCDEX commodity headed lower
Price formed a peak in January 2022 and has been forming lower highs thereafter However, the level of 6500 has acted as strong support and the price has bounced off it twice in as many years. Price has formed a lower high and is now testing the support from a trendline.Trading associations seek ban on turmeric futures
The association alleged that some traders and corporates are making a profit. The prices are being decided according to the convenience in the futures price, it said.VAHDAM makes UK retail debut in Holland & Barrett
With this, VAHDAM has further strengthened its omni-channel presence. It is available in over 1000 stores in the US that include Wegmans, Erewhon Markets, Sprouts farmers market, Gelson’s market in addition to other select stores. VAHDAM is also available in over 200 stores in Canada that include Healthy Planet, Nature’s Source, Nature’s signature and more.India’s spice exports need to grow at 19.5% to meet $10 billion target by FY27
While the Y-o-Y export performance of the industry in FY 2022 declined, India’s spice exports (in volumes) in FY 2021 stood at estimated 1.78Bn tonnes, a 37% increase against 1.2Bn tonnes in FY 2020.Curcumin extraction from Lakadong turmeric started in Meghalaya: Conrad Sangma
“Government will get the best standard equipment and ensure that the product from Meghalaya finds its market globally,” the Chief Minister said at Lakadong Festival, which is being held for the first time at Laskein in West Jaintia Hills district.Turmeric, spice & everything nice: McDonald's menu will come with immunity-boosting beverages
Turmeric Latte and Masala Kadak Chai will be added to the McCafe menu.BeAM inks pact to enhance smallholder farmers' income in Maharashtra
The MoU aims to bring the benefit of globally competitive market technologies to enhance the efficiency of physical markets represented by these institutions in areas such as knowledge sharing, education and training and related events, the exchange said.From chana, castor, turmeric to guar seed, how to play the normal monsoon theme
IMD has projected a normal monsoon season this year, with a 61 per cent probability of the rainfall matching or exceeding the country's long-period average (LPA) of 88 cm.Crude oil price surge pushes up prices of edible oils and spices in a fortnight
In the past fortnight, crude palm oil prices have shot up to $1,110 per tonne from $1,040 per tonne. Similarly, soybean oil prices have gone up to $1,270 per tonne from $1,190 per tonne.Lower crop yield keeps prices of spices firm in wholesale
The opening of schools, offices, hotels, and restaurants has revived institutional sales.Spices get cheaper on weak export demand and bigger harvest
Paras Budhiraja, MD, Paras Spices said that currently buyers were making limited purchases, unlike previous years when they bought inventories for six to eight months or for the entire year.Turmeric gets cheaper; traders left with huge stocks as sales fall
Harvesting of the new crop will begin by next week in Maharashtra, Telangana and Andhra Pradesh, said Rajesh Daliya, president of Nizamabad Merchants Association in Telangana.Commodity outlook: Crude oil falls; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Natural gas surges; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Crude oil slips; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Natural gas falls; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Silver spikes; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Natural gas falls; here's how others may fare
Here is how SMC Global expects commodities to fare today.Commodity outlook: Natural gas gains; here's how others may fare
Here is how SMC Global expects commodities to fare today.Turmeric's domestic and export demand rising
India is the world's largest producer of turmeric and produces 70-75% of world's total production.Commodity outlook: Crude oil down; here is how gold, palm oil & others may move today
MCX Crude was down 0.39 per cent at Rs 3054 per barrel.Load More
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