Market updates on a whole range of herbs and spices with up-to-date price trends
Spices
Oct 15, 2021

Spice market update: Diwali festival causes high domestic demand

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Oct 12, 2021

Saffron: crop decline does not leave prices unaffected

TEHRAN. Saffron cultivation in Iran is expected to be significantly smaller this year. As a result, the first price adjustments have been observed in recent weeks.
Spices
Oct 12, 2021

Cumin: Iran's exports plummet

TEHRAN. Crop damage is causing a considerable shortage in the Iranian cumin market and the quality also leaves much to be desired. This was particularly noticeable in the first six months of this season, both in export figures and in export prices.
Spices
Oct 8, 2021

Spice market update: Indian pepper traders have an advantage

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Oct 1, 2021

Spice market update: cardamom prices drop significantly

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Sep 27, 2021

Saffron: simple solutions to a big problem

TEHRAN. Saffron suppliers in Iran are losing more than 15% of added value in the export market at present. Issue is that saffron is sold in too large packages, which other countries repack and market much more successfully for consumers. Traders reckon that added value could even range two to three times higher if packaging is improved and illegal smuggling is stopped in its tracks.
Spices
Sep 24, 2021

Spice market update: low turmeric quality deters buyers

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Sep 16, 2021

Spice market update: farmers prompted to sow more cumin

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Sep 14, 2021

Cumin: 60% slump in production

TEHRAN. Recent estimates state that cumin production has slumped by 60% in Iran’s Razavi Khorasan Province due to severe drought and unusually cold weather coupled with an early spring. Rainfall ranges 63% lower than last year this season so far. Temperatures ranged 3.1-0.4C (37.58-32.72F) lower between October 2020 and April 2021 than in the same period in 2019/2020 according to official statistics.
Spices
Sep 13, 2021

Saffron: exports are next to impossible

TEHRAN. Saffron corms are grown in Iran’s South Khorasan Province from early August until late September. Harvesting takes place in in mid-October through to early December. Prospects are not exactly encouraging this year as farmers are not quite as enthusiastic. Exports have become next to impossible due to the impact of the coronavirus and tougher international standards.
Spices
Sep 9, 2021

Spice market update: the pressure is on for cardamom

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Sep 3, 2021

Spice market update: chilli buyers pin their hopes on the new crop

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Aug 30, 2021

Saffron: uncertain crop outlook causes prices to rise

TEHRAN. Good export demand and uncertain crop forecasts impact the Iranian saffron market. Prices have been rising steadily for about a month, which is also being felt by foreign buyers despite the favourable exchange rate.
Spices
Aug 27, 2021

Spice market update: cumin prices still on the rise

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Aug 20, 2021

Spice market update: cumin is becoming more expensive

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Aug 18, 2021

Saffron: high demand causes prices to rise

TEHRAN. Iran ships about 75-80% of its annual saffron crop to 60 different countries around the world. Nevertheless, countries like Spain and Afghanistan are often better known for their saffron, even though cultivation there is only a small part of global saffron production.
Spices
Aug 13, 2021

Spice market update: prices for coriander seeds rise significantly

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Aug 12, 2021

Cumin: first production estimates issued

TEHRAN. Demand normally declines while harvesting is underway. Things are, however, different for cumin this time round. Issue is a decrease in rainfall and severe drought, which have an impact no matter how resilient the crop may be. Local production estimates are being issued while harvesting is underway in different parts of Iran.
Spices
Aug 6, 2021

Spice market update: pepper prices follow downward trend

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jul 30, 2021

Spice market update: monsoon causes delays

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jul 29, 2021

Saffron: production is at risk

TEHRAN. Although saffron is the most valuable agri product Iran has, farmers lack incentive to grow the spice. Issue is that saffron prices have remained fixed in the domestic market in recent years, whereas the prices for most other goods have risen. Drought, low farmgate prices and very high production costs are even expected to put a stop to production in Iran.
Spices
Jul 21, 2021

Spice market update: price turnaround in India

GUJARAT. Weekly monitoring with the latest market update from India on cumin, coriander and turmeric, chilli, black pepper and cardamom along with a price list for more than 70 food products.
Spices
Jul 16, 2021

Spice market update: cardamom prices stabilise

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products
Spices
Jul 16, 2021

Saffron: heading towards disaster

TEHRAN. Although exports are up and demand is certainly there, suppliers in Iran are anything but happy with the current developments in the saffron market. Not only have prices hit rock bottom but traders are angry with officials. In failing to consider international developments the market is now placed in a rather difficult position.
Spices
Jul 15, 2021

Cumin: simply impossible to compete with India

TEHRAN. Iran’s cumin exports slumped by 86% to as little as 198 mt in March-June as compared with last year. Traders state that it is simply impossible to compete with prices in India. This is, however, not the only reason why exports have slumped.
Spices
Jul 12, 2021

Pepper: global crop estimates 2021

HANOI. The Vietnamese exporters of PTEXIM have published their estimates of global pepper production for 2021 - and they look rather optimistic.
Spices
Jul 9, 2021

Spice market update: cardamom prices drop significantly

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products
Spices
Jul 2, 2021

Spice market update: mixed price trends dominate the market

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jul 2, 2021

Saffron: knockdown prices in Iran

TEHRAN. Although Iran’s saffron exports were only nominally down in terms of volume in May compared with last year, the export value has slumped by 52%. This sharp decline is driven by the depreciation of the Iranian rial against the US dollar. May certainly illustrates a large discrepancy. While saffron is traded as the world’s most expensive spice in the international retail market, suppliers in Iran are selling at give-away prices.
Spices
Jun 25, 2021

Spice market update: pandemic casts further shadows on the market

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 18, 2021

Spice market update: turmeric sowing is in full swing

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 18, 2021

Cumin: yields differ in Iran

TEHRAN. Cumin requires little water and is highly attractive for farmers in Iran. Not only do the plants increase water productivity but farmgate prices are relatively firm and enable farmers to sell at reasonable prices. Things are, however, different in the export market. Harvesting started in May with varying yields throughout the different provinces.
Spices
Jun 17, 2021

Saffron: traders feel let down by OPEC-style ambitions

TEHRAN. Iran has been promoting an OPEC-style Organization of Saffron Exporting Countries (OSEC) for some time now. Issue is that although Iran produces more than 92% of global market supplies, farmers and exporters lose out on profits. Traders are, however, dismissive of the high-flying notion that such an organization will enable Iran to launch a cartel and set market prices. Concern is that political ambitions may have the opposite effect.
Spices
Jun 11, 2021

Spice market update: coriander market experiences ups and downs

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 4, 2021

Spice market update: traders prompted to sell large volumes of chilli

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Jun 2, 2021

Saffron: boost in export demand

TEHRAN. The prices for saffron have been slashed by more than 50% in recent years. Although producers in Iran are struggling with this development, the upside is that international demand has been boosted. Exports have, nevertheless, declined sharply in March/April.
Spices
May 21, 2021

Spice market update: cardamom farmers expect record crop

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
May 21, 2021

Saffron: spice is not expensive enough

TEHRAN. Although Iran’s saffron production has risen continuously in recent years and international demand is booming, the market should witness a turn this year. Problem is a mismatch in pricing. While prices have declined in the international market over the last two years, prices in the domestic market have remained firm and production costs have risen drastically. This results in the bizarre situation that while saffron is an absolute trend product in the international market, the farmers are lacking incentive to cultivate the spice.
Spices
May 20, 2021

Cumin: India loses market shares to Iran

TEHRAN. Competitive prices have prompted a sharp rise in green cumin exports in Iran. As average export prices are 30% down suppliers can easily compete with their colleagues in India. Much will, however, depend on political developments in the next few months as the lifting of US sanctions and the return of the US to the nuclear deal are crucial to exports.
Spices
May 7, 2021

Spice market update: weak demand and high freight rates dampen trade

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
May 6, 2021

Saffron: illegal smuggling is not the only problem

TEHRAN. Although Iran successfully stepped up saffron exports, much is left to be desired. Exports hit more than 322 mt in March 2020 through to March 2021, despite the sanctions. Performance may have, however, been much better. Suppliers emphasise that illegal smuggling activities are not the only problem, but that packaging is key to drive up sales.
Spices
Apr 30, 2021

Spice market update: pandemic has markets firmly in its grip

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Apr 23, 2021

Spice market update: cardamom farmers fear for harvesters

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Apr 22, 2021

Saffron: traders ruin market for themselves

TEHRAN. While saffron exports are up on last year, suppliers in Iran have little cause to celebrate. Issue is not only that export prices have slumped but that traders mainly have themselves to blame.
Spices
Apr 22, 2021

Cumin: production estimates are not that bad

TEHRAN. Black cumin is mainly grown in Iran’s Khorasan Razavi province. Global demand is normally high with export destinations located in more than 40 countries. Although traders report that the pandemic has disrupted exports, production estimates are not that bad.
Spices
Apr 16, 2021

Spice market update: Turmeric exports to Bangladesh at a standstill

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Apr 9, 2021

Spice market update: high demand for chilli

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli, black pepper and cardamom as well as a price list for more than 70 products.
Spices
Apr 8, 2021

Saffron: slump in exports

TEHRAN. Iran’s saffron exports have declined sharply over the past 11 months in terms of value. In February, exports even lost more than 50% in value. Traders not only attribute this trend to exchange rate fluctuations.