Live Breaking News & Updates on Jabs International
Stay updated with breaking news from Jabs international. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India’s Spices Board has made testing for ethylene oxide (ETO) mandatory for all spices being exported to Hong Kong and Singapore, where authorities last month stopped sales of some products of two Indian spice brands on the ground that they contained high levels of ETO, a carcinogen. Testing has been made mandatory from May 6. ....
Indias Spices Board has made testing for ethylene oxide (ETO) mandatory for all spices being exported to Hong Kong and Singapore, where authorities last month stopped sales of some products of two Indian spice brands on the ground that they contained high levels of ETO, a carcinogen. Testing has been made mandatory from May 6. ....
Synopsis 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. India depends on imported edible oils to meet its domestic demand. Along with rising edible oil prices, consumers may feel the pinch from higher prices of spices too. Increasing crude oil prices have pushed up prices of edible oils 7% in the past fortnight as countries across the globe have stepped up use of bio-diesel in order to bring down fuel prices. To add to the woes of consumers, prices of spices, particularly turmeric and chillies, which add flavour to the Indian platter, have increased 6-7% in the past ten days in anticipation of lower production and higher export demand. ....
Covid-19 impact: Lack of bulk demand pounds spices December 18, 2020 Prices of key spice commodities fell in the range of 8% to 56% this year The year 2020 has turned out to be a bad one for spices. The price data of top four exchanged-traded spices including cumin seed (jeera), coriander (dhaniya), turmeric and cardamom indicate a sharp fall in the range 8 per cent to as high as 56 per cent during the year making the complex the worst performing agri-commodity segment this year. Data revealcardamom futures suffered the steepest fall at 56 per cent, followed by coriander and jeera at 16 per cent and 15 per cent, respectively, while turmeric futures fell by about 8.5 per cent during the year. ....