Spices

Spice market update: low cardamom prices due to high stocks

October 30, 2020 9:22 AM, Der AUDITOR
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GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and turmeric, chilli and cardamom as well as a price list for more than 70 products.

Cumin

Traders report that arrivals are rising steadily because farmers want to empty their warehouses before new sowing. This has already begun and will peak in mid-November. Demand is satisfactory as both exporters and domestic buyers are stocking up for the upcoming holidays. However, market players expect lower production volumes for next season, as prices have remained at a relatively low level this season. Grade A cumin is traded at USD 1,940/mt FOB India, which represents a price increase of USD 45/mt compared to last week.

Coriander seeds

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