Spice Market Information & News

Cumin Seeds: 

• Market is downward since last two day.
• Arrival in the market yard of Gujarat and other states are less.
• On online trading platform Cumin Seeds prices has gone down.
• By and large weak sentiment witnessed in Jeera (Cumin) market on Wednesday.
• Buyers reported unresponsive at Unjha mandi due to higher prices. As per estimate current year production reported higher compared to last year.
• Stockists and some big Farmers holding Jeera (cumin) stocks on expectation of higher prices coming days.
• Due to uncertain supply from other Jeera (Cumin) growing regions (Middle East) to international market, demand likely to shift to India and support the spot market Jeera (Cumin Seed).
• Market indicates bearish trend in the market. RSI moving down in neutral region indicates prices may go down in the market. Volumes are not supporting the prices.
• Continued mixed sentiment witnessed in Jeera (Cumin) market during the week.
• Due to uncertain supply from other Jeera (Cumin) growing regions (Middle East) to international market, demand likely to shift to India and support the spot market.
• Estimate for 2017-18, Jeera production In Rajasthan around 2,470,000 bags and in Gujarat around 3,250,000 bags (1 bag = 55 kgs).
• Jeera stocks at NCDEX (Online platform) warehouse as on 23rd May at Jodhpur (unencumbered) 9 mt and (pledged) 27 mt. At Unjha (unencumbered) 1434 mt and (pledged) 363mt.

Coriander Seeds:

• On commodity exchange NCDEX, there is a continuous fall in the prices of coriander and there is a decline in most commodities in the futures market.
• Increasing stocks reported in the spot market. All India stocks reported around 2.5 to 3 million bags. 
• In Ramganj mandi, current year 0.677 million bags (1 bag = 40 Kgs) arrivals traded from 1st April to 19th  May 2017, however in the corresponding period last year it was reported 0.61 million  
• Buyers reported unresponsive at higher prices level, they were waiting for lower prices. 
• Expected that Coriander June contract may go down further in coming days. 
• Coriander price fall to 45 month low on Tuesday At the beginning of April, the speed at which coriander prices have risen sharply after that the decline has been witnessed at double speed. Coriander in the forward market has slipped to the lowest level since August 2013 i.e. in about 45 months From beginning of April to today there has been a decline of about 36 per cent. Many businessmen who trapped in this fall are telling the reason for the fall is in excess of gambling in the coriander. Many businessmen said that, despite the good production, the first speculators made a one-sided expansion in the coriander, when looking at the speed small businessmen also started buying, then the speculators went out by selling their goods to small traders and are now selling to break the market.
• Talk about Fundamental this year, coriander yields are being reported less than last year, but last year's heavy stock and fall in exports are causing problems for the coriander traders, due to high stock, prices do not rise.
• Steady to weak sentiment witnessed in Coriander market on Wednesday.
• Market analysts attributed the fall in coriander futures to lower demand in the physical market against adequate stocks position on increased supplies from producing regions.
• Lower supply reported today and supported the prices. Farmers expecting higher prices current year as Coriander prices reported up last year same period.
• Increasing Coriander stocks in the spot market around 2.5 to 3 million bags may cap on prices at higher levels.
• Market is down.

NCDEX advised coriander traders not to follow rumors:

• Commodity Exchange NCDEX has given its response at a one-sided fall in the prices of coriander for last one and a half months. NCDEX says that the exchange is monitoring the coriander futures transactions and the traders are advised to be careful, the ammunition of false rumors being spread through corpuses through electronic media, social network, SMS and whatsapp etc.
• The exchange says that in recent days, not only the futures market but also in the spot markets, prices of coriander have declined, from May 2 to May 24, coriander has dropped 22% on the exchange platform. During this period, the Kota mandi being monitored on the exchange has declined 18% and the Gondal in Gujarat has declined 22%. During the quota and Gondal mandis, according to the government agency data it also decreases 21 percent and 20 percent. In such a situation, the same decline in the futures market is seen in the spot markets.
• According to the exchange, several steps have been taken from them to reduce betting in coriander. Special margin has been levied on the sale, the open interest threshold level has been reduced for the consignment margin, ELM margin has been increased and there is also an additional duty on excess stock holding.
• According to NCDEX, the current price of coriander on the exchange platform is according to demand and supply in the spot market.
• Fenugreek Seeds:
• Prices are stable today.
• Millet / Yellow-Green Bajra:
• Price up in the market.
• Kalonji / Black Seeds:
• Prices have gone up in the market due to demand for the local consumption in the pickle industries.
• Mustard Seeds

• Price is down today.
• Fennel Seeds:

• Prices are down today due to no demand from exports and local market.
• Flax Seeds

• Price is down today.
• Dill Seeds

• Price is down today.
• Ajuwain Seeds/ Aniseeds

• Price is stable.