India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

World News

Union Budget

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Advertisers Forum

Career India

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Graffiti

Crossword

Drumbeat: Ad Buzzaar


Corporate

Economy

Expressions

Markets

Leisure

 

Monday, June 1, 1998

Fenugreek prices remain subdued 

Our Bureau  
May 31: Fenugreek prices remained subdued at Rs 1300-1400 per quintal during the last two months despite a 50 per cent shortfall in production. The prices, which were ruling higher at Rs 1600 last year, are considered to be at their lowest for some time now. Moreover the exports have also come down to 40 per cent of the production, which was about 65 per cent last year. Export inquiries received at the New Bombay market ranged from Rs 1300-1400 per quintal. Indian fenugreek faces stiff competition from Australia and Turkey. Bulk of the exports goes to the Middle-East and a part to Japan, Sri Lanka, South Africa and Pakistan.

There has been a substantial fall in the demand for fenugreek from the domestic as well as international markets due to less arrivals of mangoes as about 80 per cent of fenugreek is used in pickle preparations during the summer season. Indian fenugreek is mainly exported in four grades - Chalna, HPS (hand picked select), machine cleaned and bold or pepado fenugreek. Bold fenugreek isexported rarely to Europe while chalna grade is mostly exported to Dubai, Singapore and Malayasia whereas machine cleaned and HPS varieties are mainly exported to Europe and Japan. Direct consumption of the product is negligible and is used in ayurvedic preparations mostly consumed in winter for the ailments of artithris and joint pains. The production of fenugreek in the country has seen a major loss of 50 per cent due to the El Nino effect.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


EcoIndia

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Interested in Hi-tech ventures with Israel? Click here


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties