Spices

Spice market update: cumin prices skyrocket

May 5, 2023 at 8:34 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

Market players have to look twice at cumin prices this week to make sure they have not made a mistake. In just one week, prices have shot up by a whopping USD 700/mt, and Indian traders say that no predictions can be made about further price developments. There are reports of two "cumin cartels" that have a firm grip on the market and influence price developments through tactics and rumours. A large quantity of cumin is also deposited by the traders as collateral for loans and thus does not come into circulation at all for the time being. The high prices natur

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