Spices

Spice market update: acreage for turmeric is shrinking

May 12, 2023 at 1:00 PM , Der AUDITOR
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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.

Cumin

Market players had already suspected it a few weeks ago, and even though it seemed almost impossible at the time, this week cumin prices have clearly exceeded the USD 6,000/mt mark. In the last two weeks, all records were broken once again. This is mainly due to the extremely high demand from China - 350 containers of cumin were bought in the past 14 days. Importers in Bangladesh also stocked up. The domestic market is doing less well despite the wedding season, partly because Syrian suppliers are tempting with cheaper prices. The further price development is

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