India.
The World’s Largest Exporters Of Nutmeg
| Rank | Country | Export Value (Millions of US Dollars) |
|---|---|---|
| 1 | India | 107 |
| 2 | Indonesia | 96.6 |
| 3 | Netherlands | 27.1 |
| 4 | United Arab Emirates | 22.7 |
Who exports the most nutmeg?
Indonesia is the largest world producer of nutmeg and mace and accounts for three-quarters of world production and export. Grenada is the second largest producer and exporter.
Which country produces nutmeg?
Indonesia is the world’s top producer of nutmeg, making up about 50% of the world’s production. Other nutmeg producing regions in the nation include Sulawesi, Aceh in Sumatra, and Java.
Who is the largest exporter of spices?
India
India is the world’s largest spice producer. It is also the largest consumer and exporter of spices. The production of different spices has been growing rapidly over the last few years. Production in 2020-21 stood at 10.7 million tonnes growing at an 8% CAGR since 2014-15.
Is Grenada a major exporter of nutmeg?
In 2020, Grenada exported $6.12M in Nutmeg, mace and cardamons. The main destinations of Grenada exports on Nutmeg, mace and cardamons were United States ($1.37M), Netherlands ($1.06M), Germany ($1.03M), Argentina ($475k), and Austria ($450k).
Where is the best nutmeg grown?
Today, most of the premium nutmeg spice comes from Grenada and Indonesia. Grated nutmeg spice is used to flavor everything from many desserts to cream sauces, in meat rubs, eggs, over veggies (like squash, carrots, cauliflower, spinach, and potatoes) as well as a dusting over morning coffee.
Where is nutmeg most popular?
Nutmeg, mace and cardamom enjoy the most popularity in the countries of Asia and the Middle East: here it is used as a key ingredient in a variety of traditional dishes. In Europe, a net importer of nutmeg, mace and cardamom, it is also used as a spice, being added to local dishes, sauce bases and marinades.
Who imports nutmeg?
Import Trends of Top 10 Importers of Whole Nutmeg
| Country | Import % | |
|---|---|---|
| 1 | Global | |
| 2 | China | 34.37% |
| 3 | Vietnam | 9.76% |
Who invented nutmeg?
1512 Portuguese explorers ‘discover’ the source of nutmeg and establish themselves on and around the Banda islands, stocking up on mace, nutmeg, and cloves. This breakthrough makes mace and nutmeg more available and affordable in Europe.
Why was nutmeg so valuable?
So, why was nutmeg so valuable? Well, Krondl likens it to the iPhone of the 1600s. It was fashionable among the wealthy. It was exotic and potent enough to induce hallucinations — or at least a nutmeg bender, as detailed in this account from The Atlantic.
Which country is No 1 in spices?
India contributes to 75% of global spice production.
Who is the largest exporter of cardamom?
Trends of Top 10 Exporters
| Country | Export % | |
|---|---|---|
| 1 | Global | |
| 2 | Guatemala | 56.59% |
| 3 | India | 16.85% |
Which country has best quality spices?
Spices Production
| # | 86 Countries | Last |
|---|---|---|
| 1 | #1 India | 2019 |
| 2 | #2 China | 2019 |
| 3 | #3 Nigeria | 2019 |
| 4 | #4 Indonesia | 2019 |
Which Caribbean country grows the most nutmeg?
Grenada
Grenada: The Caribbean Island That Grows 20% of the World’s Nutmeg.
What island is known for nutmeg?
Grenada, that island in the sun – the spicy one known and loved for its wide variety of spices like nutmeg, cloves, ginger, cinnamon, and more.
What spice is Grenada famous for?
nutmeg
As the world’s third-largest export of nutmeg, this condiment is what gives Grenada its reputation as the isle of spice. Locally referred to as Grenada’s black gold, you can be sure that this popular spice to be found in every home or traditional Grenadian cooking.
Is nutmeg losing money?
How safe is a Nutmeg investment? There has been a lot of press coverage over the fact that Nutmeg has yet to make a profit as a company and it was reported in October 2021 that it had made losses of £15.1m in the 2020 calendar year, down from £21.2million the previous year.
What does nutmeg do for a man?
Some animal studies show that nutmeg may enhance sex drive and performance. In one study, male rats that were given high doses of nutmeg extract (227 mg per pound or 500 mg per kg of body weight) experienced significant increases in sexual activity and sexual performance time compared to a control group ( 13 ).
Is nutmeg FDA approved?
Nutmeg and the DEA
Currently, the FDA has no plans to regulate the spice. For a substance to be controlled or illegal, the Drug Enforcement Administration considers certain factors, including impact, pattern of use, and potency of the drug.
What is the price of nutmeg?
The average price is 33000.00 INR/Quintal across varieties.
How does nutmeg make money?
How Does Nutmeg Make Money? Clearly, Nutmeg makes it money from percentage fees taken from customer accounts. In comparison to other advisors, nutmeg’s management and fund fees are relatively low.