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News Review and Analysis on “Pepper exports increase 30%”

News Review and Analysis on "Pepper exports increase 30%"

News

“Pepper exports increase 30% : Vietnam exported nearly 131,777 tonnes of pepper worth 408.9 million USD in the first five months of this year, up 30% in volume but down 12.7 in value over the same period last year, according to the Vietnam Pepper Association (VPA).” – Reported on June 10, 2023 https://en.vietnamplus.vn/pepper-exports-increase-30/254438.vnp

Review

The news that Vietnam’s pepper exports increased by 30% in the first five months of 2023 is a positive development for the country’s agricultural sector. The increase in volume is likely due to a combination of factors, including favorable weather conditions and increased demand from key export markets such as China and the Philippines. The decline in value, however, is likely due to a fall in global pepper prices.

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News Review and Analysis on “Agri Picks Report June 08, 2023: Geojit”

Jeera futures continued rising, - News Review and Analysis on "Agri Picks Report June 08, 2023: Geojit"

Here is a review of the news in India “Agri Picks Report June 08, 2023: Geojit ; According to Geojit, On Wednesday, Jeera futures continued rising, while coriander and turmeric futures too a breather from the recent fall and inched up on NCDEX.”

The news report is about the movement of agricultural commodity futures on the National Commodity and Derivatives Exchange (NCDEX) on Wednesday, June 8, 2023 in India. According to the report, jeera (Cumin Seeds) futures continued to rise, while coriander and turmeric futures took a breather from the recent fall and inched up.

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Importing spices to USA for commercial purposes

Importing spices to USA for commercial purposes

Imports of spices are subject to review by the Food and Drug Administration (FDA) and their admissibility is determined by the FDA. You may want to contact the FDA to obtain instructions on how to label the products (i.e., ingredients, nutrition, content etc.) at 1-888-723-3366.

All commercial imports of food products including spices require the filing of Prior Notice with FDA, and foreign manufacturers and/or distributors of food products must register with the FDA before their goods may be admitted.

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Spice growing states of India

Spice growing states of India

Following list is Major Spice/state wise Production of spices in India.

PEPPER – KARNATAKA, KERALA, TAMIL NADU

CARDAMOM (SMALL) – KERALA, KARNATAKA, TAMIL NADU

CARDAMOM (LARGE) – SIKKIM, WEST BENGAL

CHILLI – ANDHRA PRADESH, TELANGANA, KARNATAKA, WEST BENGAL, MADHYA PRADESH, ORISSA, GUJARAT, TAMIL NADU, PUNJAB

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How to Process an Export Order from India ?

How to Process an Export Order from India ?

Confirmation of order

On receiving an export order, it should be examined carefully in respect of items, specification, payment conditions, packaging, delivery schedule, etc. and then the order should be confirmed. Accordingly, the exporter may enter into a formal contract with the overseas buyer.

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How to Start Export Business in India ?

How to Start Export Business in India ?

To start export business, the following steps can be followed:

Establishing an Organisation

To start the export business, first a sole Proprietary concern/ Partnership firm/Company has to be set up as per procedure with an attractive name and logo.

Opening a Bank Account

A current account with a Bank authorized to deal in Foreign Exchange should be opened.

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The Flourishing Spice Industry in Kochi, Kerala: A Journey Through Fragrant Delights

Spice Industry in Kochi Kerala - Spice Plantation in Kochi Kerala

Kochi, a vibrant city located in the southwestern coastal state of Kerala, India, has long been renowned as the epicenter of the country’s spice trade. Blessed with a favorable climate and fertile soil, Kochi’s strategic location made it a hub for spice cultivation, processing, and trade for centuries. This topic delves into the rich history, economic significance, and cultural legacy of the spice industry in Kochi, shedding light on the city’s status as the spice capital of India.

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World Spice Congress 14th edition organized in Maharashtra

World Spice Congress 14th edition organized in Maharashtra

Current Affairs – Adda247 : Oct 23, 2022

World Spice Congress 14th edition: The 14th World Spice Congress will take place in the CIDCO Exhibition and Convention Centre in Navi Mumbai, Maharashtra.

World Spice Congress 14th edition: The 14th World Spice Congress will take place in the CIDCO Exhibition and Convention Centre in Navi Mumbai, Maharashtra, from February 16 to 18, 2023. Spices Board India in conjunction with a number of trade and export forums is hosting the World Spice Congress during India’s G20 presidency.

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Masala Bonds Just Lost Their Spice : By Andy Mukherjee

There was a flicker of anticipation last year when an Indian borrower issued the first masala bond, a local-currency note sold outside the country. Gadfly expressed the hope that, once a thorny tax issue was sorted, the securities would go on to become the Indian version of dim sum debt, which has played a large role in internationalizing the Chinese yuan.

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