Market updates on a whole range of herbs and spices with up-to-date price trends
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.
Spices
Apr 1, 2021

Spice market update: coriander traders expect price increases

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
Mar 26, 2021

Spice market update: Indian cumin is in high 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
Mar 19, 2021

Spice market update: Demand from the Gulf States is increasing

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
Mar 12, 2021

Spice market update: markets remained closed due to Maha Shivaratri festival

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
Mar 5, 2021

Spice market update: high moisture content reduces quality

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
Feb 26, 2021

Spice market update: massive increase in cardamom production

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
Feb 23, 2021

Saffron: Spain profits from Iran’s international isolation

TEHRAN. Although Iran supplies as much as 95% of all saffron traded in the international market, only around 5% of global turnover returns to the country. Spain reaps most profits instead, while suppliers in Iran lose out due to a number of problems.
Spices
Feb 19, 2021

Spice market update: turmeric prices reach highest level in five years

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
Feb 12, 2021

Spice market update: cumin prices continue to plummet

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
Feb 5, 2021

Spice market update: pepper crop is estimated to be lower this season

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
Jan 29, 2021

Spice market update: coriander crop shows better quality

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
Jan 22, 2021

Spice market update: new chilli crop arrives on the markets

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
Jan 20, 2021

Saffron: hope for record exports

TEHRAN. In the first eight months of the Iranian calendar year, the Iranian saffron market recorded a significant increase in exports.
Spices
Jan 15, 2021

Spice market update: turmeric farmers take to the streets

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
Dec 7, 2020

Saffron: adverse weather conditions to impact production

TEHRAN. New arrivals have prompted a sharp decline in saffron prices within Iran. This situation called for immediate action. Harvesting is still underway and adverse weather conditions are raising concern.
Spices
Nov 27, 2020

Spice market update: sowing for rabi crop in full swing

GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli and black pepper as well as a price list for more than 70 products.
Spices
Nov 26, 2020

Vanilla: Covid-19 acts as a speed bump

QUEBEC. In the recently issued vanilla market update for November leading supplier Aust & Hachmann has dismissed the onset of the pandemic on the market as a speed bump. After years of extortionate prices, the market continues to change. Developments in Madagascar are, however, raising concerns.
Spices
Nov 13, 2020

Spice market update: areas under cultivation to be reduced

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
Nov 6, 2020

Spice market update: export delays due to container shortage

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.