Spices

Spice market update: cumin prices are plummeting

February 3, 2023 at 9:09 AM , 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

The price declines on the Indian cumin market continue and are causing increasing concern among traders. Some market players had tried to push prices up by spreading false rumours about crop damage, which had led to temporary stability, but this was short-lived due to weak demand. As neither foreign nor Indian buyers show much interest in buying, there is hardly any trade and prices continue to fall steadily. Meanwhile, the weather authority in India announced that weather conditions in the growing areas are favourable. Many traders have therefore decided to w

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