Keres Spices Products Are Now Available at Tomato Happy Hour

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Keres Spices has teamed up with Tomato Happy Hour to make our products available to Spicewood residents. Tomato Happy Hour is the great creation of Kathleen Henderson.
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They are open from 9am to 6pm seven days a week.  Tomato Happy Hour is focused on supporting local farmers and vendors.  Tomato Happy Hour is a valuable assest to our local community and we hope you will stop by to check them out.

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Keres Spices Explores Organic & Biodynamic Eden Creek Farm

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Yesterday, Friday November 16, Keres Spices’ founder, Chef Brian Dorman, embarked upon a journey two and a half hours north of Austin to visit with Steve and Kristine Orth, owners of Eden Creek Farm. Tucked away on thirty three acres just south of Blooming Grove, TX, Eden Creek is becoming the organic and bio dynamic farm of choice for all of the top chefs in and around Dallas, TX.

Certified Master Farmer, Steve Orth, started Eden Creek Farm about eight years ago and his wife, Kistrine Orth, brings tremendous value to their operation as an animal husbandry specialist.  Chefs around north Texas are taking note as Eden Creek is able to provide the highest quality in herb, vegetable, and pork products.

What is Biodynamic Agriculture? 
According to OrganicConsumers.org, ‘biodynamics is a science of life-forces, a recognition of the basic principles at work in nature, and an approach to agriculture which takes these principles into account to bring about balance and healing. In a very real way, then, biodynamics is an ongoing path of knowledge rather than an assemblage of methods and techniques.

The Red Wattle Hog
Along with raising horses, painted desert sheep, goats, ducks and chickens, the Orths also raise endangered red wattle hogs.  The odd thing about these endangered hogs is that in order to get them off the endangered list, they must be raised for human consumption.  With only around three hundred red wattle hogs still in existence, eight of them can be found right here at Eden Creek Farm.  Top chefs in the DFW metroplex however, tout this hog as one of the tastiest porks they have ever had the pleasure to cook and serve on their menu.

 

Chef Mauricio Jimenez Joins Keres Spices

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Keres Spices is pleased to announce that Chef Mauricio Jiménez has joined our team as our new director of sales and marketing, Chef Jiménez is a seasoned professional with over 20 years of combined restaurant management, culinary consulting, culinary education, and international sales / marketing experience.

His experience will enable us to expand and further reach new horizons as we embark into our phase of new market development and expansion, while also developing new engaging and educative marketing strategies for our social media platforms.

International Spice Commodities Update – Bloomberg Report

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Source: Bloomberg

PEPPERCORN

Pepper price traded range bound as demand from
domestic buyers as well as exporters was sluggish on
account of holidays. The spot price of garbled and ungarbled
pepper traded steady on weak demand at
Rs.33600 and Rs.32100 per 100 kg respectively.
However, the downside in prices may be capped due to
supply concerns until the new pepper crop arrives in
February. Pepper price may maintain uptrend on
reports of lesser domestic crop estimates. The ongoing
Mullaperiyar dam issue involving Tamil Nadu and
Kerala has disrupted supply of the spice from these
states. Indian pepper output during the new season is
estimated to be around 43000 tonnes, which is lower by
5000 tonnes from the previous year.

CUMIN

Cumin futures rose because of short covering and
reports of fresh export enquiries. Also gained despite
high acreage, as the cold wave might impact
germination in Rajasthan, in turn affect the output.
According to the IMD report, cold wave conditions
prevailed in Rajasthan with Jodhpur, major jeera spot
market recording temperature of 5.4 degree Celsius.
Jeera arrivals in Unjha mandi stood unchanged at 5000
bags, from Saturday. The price was quoted at Rs.14500
per 100kg, up Rs.100 from previous day. Although
supply is ample, good quality jeera is scarce in the
market. On short term, the gains may be narrow due
to high inventories.

TURMERIC

Turmeric futures ended up despite lower arrivals in the
spot markets. Good demand from bulk buyers in north
India supported the prices. Reports of crop damage to
the standing crops due to severe cyclone in Tamil Nadu
also added to the uptrend. Further buying is expected in
the futures market as spot prices are at a premium to
futures. Price of the spice in key Nizamabad market
traded at Rs.5100 per 100kg. However, the overall trend
remains weak due to estimate of higher turmeric output
in 2011-12. Fresh crops are expected to reach the market
by mid January, provided the weather pattern supports.
As of 31st December 2011, turmeric stocks in the NCDEX
accredited warehouse stood at 3523 tonnes, down from
4053 tonnes a week ago.

CARDAMOM

Cardamom futures closed up as the auctions in Kerala
resumed. Earlier the agitations across the border on
Mullaperiyar dam have stopped movement of
cardamom between both the states. The auction centre
reported good turn out of cardamom dealers including
those from Tamil Nadu. There was good demand with
the average price at the auction touched Rs.596 per kg.
Higher quantity of cardamom was traded at the auction
centre. The total production in the current year is likely
to be around 15000 tonnes. Traders estimated that the
world’s total cardamom production is likely to reach
38000 tonnes in 2012 against the total annual demand of
30000 tonnes.

CHILLI

Most chilli futures erased early gains and ended down
on profit sales and slackness in domestic demand.
Earlier chilli futures gained tracking the trend in spot
market where fall in supplies supported the prices.
Chilli arrivals in Guntur market fell to around 20000
bags from 23000 bags reported on Friday. Rainfall for
the last few days led to fall in supply. The price for 334-
variety chilli quoted Rs.7200 per 100 kg, up Rs.200 from
previous trading day. Rainfall in the last couple of days
in major districts in Andhra Pradesh is likely to be
beneficial for the crops.

CORIANDER

Coriander futures gained in tandem with rising spot
market. The spot price rose due to fall in arrivals on
unfavorable weather conditions in major regions. Total
coriander arrivals in Rajasthan fell to around 1300 bags
from 2800 bags on Saturday. In Kota, coriander arrivals
fell to around 400 bags from 800 bags Saturday, while in
Baran, supply were around 300 bags, down from 700
bags. Arrivals in Ramganj also fell by 700 bags to
around 600 bags. In Kota, coriander quoted Rs.4000 per
100 kg, up Rs.100 from the previous trading.

International Spices Commodities Update – Cumin

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Such is the negative sentiment in trader circles that prices of the commodity have already been jacked up in the spot and futures market.

The government says cumin sowing as of December 19 was reported at 264,000 hectares. “This is higher from 125,000 hectares reported during the same period last year,” notes a senior official of the state agriculture department. But, cumin is a winter crop and the weather remained largely warm till recently.

Cumin futures on the NCDEX rose in the spot markets on Monday due to short supply. The January contract traded at Rs 16,580 ($313.20, €239.65, ₤199.75) per quintal — up four per cent against the previous close.

Arrivals remained thin in the spot market, with prices in the range of Rs 13,500 ($255.02, €195.13, ₤162.64) to Rs 14,000 ($264.46, €202.36, ₤168.67) per quintal at the Unjha market.

“We see a breakout in the technical chart of cumin at this level,” says Jagdeep Garewal, Kunverji Commodities here. “We don’t notice a substantial resistance till Rs 17,000 ($321.13, €245.72, ₤204.81) per quintal, with a stop-loss level at Rs 15,700 ($296.58, €226.93, ₤189.15). Temperature fluctuations are likely to cause a drop in quality and yield.”

Also, there is no fresh stockist selling at current price levels. “So,” Garewal adds, “we see strong reasons for prices to rise further over the next 15-20 days.”

According to trader sources in Palanpur, prices may rise further, as production may not rise at par with the rise in the acreage of cumin.

Insiders, though, claim the carryover stock has been high at around one million bags (a bag is 55 kg) against 400,000 bags last year. The production was 2.9 million bags in 2010-11, estimated to swell to four million bags this year, considering sharp increases in the acreage.

“Export inquiry is less in recent days, mainly due to Christmas holidays,” said an exporter from Unjha (India’s largest cumin market). But we’ll see demand rise significantly over the next week, as production in Syria and Turkey will fall short of overseas demand.” According to him, export so far in the current financial year has remained higher at around 20,500 tonnes, as against 19,800 tonnes in the year-ago period.

For more information, please contact Keres Consulting

www.keresspices.com

International Spice Commodities Update – Cardamom

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Cardamom futures prices recovered by Rs 6.70 ($0.13, €0.10, £0.08) or 1.08 per cent to Rs 620 ($11.73, €8.98, £7.48) per kg this week, as speculators created fresh positions, driven by restricted stock positions in the physical markets on fall in supplies from the producing regions.

At the Multi Commodity Exchange, cardamom for February delivery rose by Rs 6.70 ($0.13, €0.10, £0.08) or 1.08 per cent, to Rs 620 ($11.73, €8.98, £7.48) per kg, with a trading volume of 154 lots

The spice for delivery in January higher by Rs 640 ($12.11, €9.27, £7.73) or 1.82 per cent to Rs 594.70 ($11.25, €8.62, £7.18) per kg with a business volume of 563 lots.  Traders said apart from tight stocks following restricted supplies, pick up in demand in the spot market also supported the upside in cardamom futures prices.

For more information please contact Keres Consulting

www.keresspices.com

International Spice Commodities Update – Turmeric

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Speculators Slowly Drive Turmeric Prices Upward

Turmeric prices rose by over 3% to Rs 4,588 ($86.80, €66.48, £55.38) per quintal in futures trade this week, as speculators created fresh positions, driven by a rise in spot demand.

Restricted supplies following holding back of stocks by speculators on hopes of an improvement in prices in coming days, also supported the rise.

At the National Commodity and Derivatives Exchange, turmeric for delivery in April rose by Rs 140 ($2.65, €2.03, £1.69) or 3.15%, to Rs 4,588 ($86.80, €66.48, £55.38) per quintal, with an open interest of 10,115 lots.

The May contract moved up by Rs 54 ($1.02, €0.78, £.065) or 1.23%, to Rs 4,444 ($84.08, €64.39, £53.65) per quintal, with a business turnover of 2,245 lots.

Analysts said apart from pick-up in demand in the spot market, holding back of stocks by speculators on hopes of rise in prices in coming days,also led to the rise in turmeric prices at futures trade in India.

For more information, contact Keres Consulting

www.keresspices.com 

International Spice Commodities Update – Peppercorns

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Pepper Exporters Gain from Rupee Depreciation

The decline in the rupee has come to the aid of pepper exporters, as prices of Indian varieties in the international market are now more competitive. They are in a position to offer a low U.S. dollar price, at a time when their biggest competitor, Vietnam, is not in the market.

Indian pepper’s benchmark price in the international market was quoted 14 per cent lower at $7,150 (€5,473, £4,600) a tonne from $8,350 (€6,392, £5,372) a tonne in October. In rupee terms, the price has fallen to Rs 3.74 lakh ($7,097, €5,432, £4,566) a tonne, as the average rate of the rupee is 52.34 against the dollar. In October, price was Rs 4.11 ($7,799, €5,970, £5,018) lakh a tonne, as the average rate of rupee against the dollar was Rs 49.25. Pepper in the domestic market was stable at Rs 370 ($7.02, €5.37, £4.52) a kg.

This has evoked good response for Indian black pepper from foreign buyers. Exporters also expect the dollar to rise further.

The problem with India is low stock. According to leading exporters, the total stock in the country is around 3,500 tonnes, which might be sold within the next couple of weeks. So, India may run out of pepper even as the rupee continues to tank against the dollar. This season, pepper production is estimated to be lower than last year due to heavy rain, which affected the spice’s flowering in Kerala.

Production is estimated to be 43,000 tonnes, compared to 48,000 tonnes last year. Harvesting is yet to begin in most parts of Kerala, so the arrival to terminal markets is thin. Arrivals in the spot market are expected to trickle in by the last week of December, but heavy arrivals will only begin by January.

So, the export business may be affected badly till the new season begins. The benefits of the dollar appreciating can be enjoyed only if supply improves.

Farmers in Kerala prefer to grow rubber instead of pepper, as the returns are much better.

“Pepper has started to give better returns only this year. There have been no incentives for farmers to cultivate pepper,”said Jojan Malayil, a Kerala-based trader.

Last year, growers received Rs 250 ($4.74, €3.63, £3.05) a kg compared to Rs 350 ($6.64, €5.08, £4.27) a kg they are receiving now. Export of pepper has picked up pace in the last month and have more than doubled to 2,250 tonnes from 1,000 tonnes the previous month, said Malayil.

Export from India has also gone up as Vietnam does not have stock to export. Exports from April to October were up 33 per cent to 20,000 tonnes, against 10,350 tonnes last year.

The weakness in the rupee, has been beneficial for exporters, but the overall demand for pepper has also been good, helping the exporters, traders said.

www.keresspices.com

International Spice Commodities Update – Peppercorns

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Pepper Maintains Upward Trend on Lower Output Estimates

Pepper rose for the fourth straight day in the futures market today, adding Rs 285 ($5.41, €4.14, £3.48) to Rs 37,200 ($705.89, €540.33, £454.17) per quintal on rising spot market demand and reports of lower output estimates.

At the National Commodity and Derivatives Exchange, December pepper gained Rs 285 ($5.41, €4.14, £3.48) or 0.77%, to Rs 37,200 ($705.89, €540.33, £454.17) per quintal with an open interest for 6,083 lots.

The January contract gained Rs 130 ($2.47, €1.89, £1.59), or 0.37%, to Rs 35,690 ($677.23, €518.40, £435.74) per quintal in 4,554 lots.

Analysts said in addition to rising spot market demand, reports of lower domestic output estimates influenced pepper prices in futures trade.

www.keresspices.com

International Spice Commodities Update – Indian Cardamom

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Cardamom Rises on Marriage Season Demand

Cardamom futures prices rose by Rs 8.80 ($0.17, €0.13, £0.11) to Rs 613.60 ($11.61, €8.76, £7.43) per kg today on pick-up in spot demand, driven by the ongoing marriage season.

Restricted arrivals in the spot markets from producing regions further fuelled the uptrend in the prices.

At the Multi Commodity Exchange, January cardamom rose by Rs 8.80 ($0.17, €0.13, £0.11), or 1.46%, to Rs 613.60 ($11.61, €8.76, £7.43) per kg, with a business turnover of 1,076 lots.

The December delivery gained Rs 8.10 ($0.15, €0.12, £0.09), or 1.43%, to Rs 573.80 ($10.85, €8.19, £6.95) per kg, with a trade volume of 667 lots.

Traders said apart from pick-up in demand in the spot market due to the marriage season, restricted arrivals from producing regions also pushed up the cardamom futures prices.

www.keresspices.com