Trading & Financial News
No Result
View All Result
Thursday, October 16, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Economy

India Spice Traders Warn of Exports Plunge Amid Pesticide Probe

by Tradinghow
May 19, 2024
in Economy, Stock Trading
A A
0
India Spice Traders Warn of Exports Plunge Amid Pesticide Probe
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


 

Indian spice traders have warned that spice exports could drop by 40% after two major brands were hit with contamination allegations over the use of a pesticide.

India is the world’s biggest exporter, consumer and producer of spices, and its spice exports came to $4 billion in the year from April 2022 to March 2023.

But the Federation of Indian Spice Stakeholders (FISS) said the industry has already seen buyers put some export orders on hold amid international scrutiny of two popular Indian brands – MDH and Everest.

Hong Kong last month suspended sales of three MDH spice blends and one from Everest citing high levels of the pesticide ethylene oxide, or ETO – a cancer risk in the event of long exposure.

The two companies both say their products, hugely popular in India and exported globally, are safe for consumption.

 

Also on AF: China Pins Hopes on ‘Heavyweight’ Property Sector Rescue Bid

 

“If other countries also start taking a similar stand, our spices exports could fall by 40%,” said Tejus Gandhi, the secretary of FISS, which represents 600 spice makers and exporters around the country.

Already, Britain’s food regulator has applied extra checks for all spice imports from India and the US, New Zealand and Australia are looking into the matter.

“Many countries are questioning… Lot of spices exporters have orders. They have been halted,” Gandhi said at a press briefing in Ahmedabad city in western India.

ETO can be used as a pesticide to help prevent microbial contamination. While some nations allow a small presence of ETO in spices, many completely prohibit it.

The US Environmental Protection Agency says regular exposure to ETO over many years raises the risk of cancers including non-Hodgkin lymphoma, myeloma and lymphocytic leukemia, as well as breast cancer in women.

India’s Spices Board last month said the country has “stringent protocols and guidelines for ETO residue” and it will strictly monitor consignments going abroad.

The FISS said in a statement that ETO “is not harmful” without elaborating, while it added that: “ETO is extremely effective eliminating (pathogens in spices)”.

 

  • Reuters with additional editing by Sean O’Meara

 

Read more:

India Now the World’s Third Biggest Generator of Solar Power

China, Japan, India Economies Held Back by ‘Xenophobia’: Biden

India Seen Overhauling Japan as World’s No4 Economy – Nikkei

Vietnam, India Ramp up US Exports as China Share Falls – Caixin

 

Sean O’Meara

Sean O’Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.





Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

October 15, 2025
Client Challenge

Client Challenge

October 15, 2025
Nigerian Automaker, Innoson launches plan for new CNG assembly plant

Nigerian Automaker, Innoson launches plan for new CNG assembly plant

October 15, 2025
Raila Odinga, ‘the enigma of Kenyan politics’, passes away aged 80

Raila Odinga, ‘the enigma of Kenyan politics’, passes away aged 80

October 15, 2025

Recent News

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

Top 10 Blogs from Q3: Private Market Reckoning, Fed Pivots, the Case for Low-Vol

October 15, 2025
Client Challenge

Client Challenge

October 15, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In