Spices Board has decided to resume on December 26 the cardamom auctions that were suspended following the row between Tamil Nadu and Kerala over the Mullaperiyar dam issue.
The Indian coffee sector is waiting for a pickup in harvest to revive exports which have been sluggish in the last few months.
Prices of major spices are being driven to the ground by higher production, poor export earnings and a lack of working capital.
Rubber prices have rebounded to above Rs 200 per kg in the local market as tyre manufacturers step up procurement spurred by higher automobile sales.
Robusta coffee prices have crashed in the global market, following a good harvest in Brazil and the forecast of a good crop in Vietnam.
Coir pith could avert air accidents in
Rubber band units in the country are facing a crisis with Chinese products flooding the market.
The buoyancy in pepper prices in the last few months has been attributed to the general shortfall in output in the producing countries.
The declining trend is likely to continue. Tyre companies are now thinking of importing rubber to take advantage of the situation.
Due to massive floods leading to destruction of fish farms in Thailand could become an opportunity for other producers such as India to fill in the gap.
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