With the prediction of a normal production and exports looking good, prospects are bullish for the Indian coffee sector in the short term.
High prices in the local market have made Indian cardamom uncompetitive overseas. Top rival Guatemala has regained its market share in the Middle East.
Indian coffee export is on a high. Exports increased nearly 60% to touch 3,25,116 tonne in 2010-11. This is the highest quantity ever exported by the country.
Coffee exporters warn that the situation is not exactly rosy for the next year with a forecast of production drop and price correction.
The local coir industry believes export orders will swell in the next few weeks as Japan gets back on its feet.
The price rise has put branded tender coconut water bottlers in a dilemma as they fear a slide in the sales.
Turmeric prices have remained buoyant despite an increase in supplies due to the higher export demand. Supplies rose in the main markets of Erode and Nizamabad which opened on Monday after Shivaratri holidays.
The European Union’s recent warnings about rising pesticide levels in chillies and nutmeg have spurred Spices Board, under the Union commerce ministry, to encourage their farming in new regions.
After a brief respite in January, eggs and chicken are again becoming expensive as demand resumes for animal protein in the summer and it outpaces supply in a traditionally lean season.
Sri Lanka has been the main competitor to India in the export of coconut and its products. But exports from Lanka have been hit by a sharp shortfall in production. And Sri Lanka’s loss has turned out to be India’s gain.
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