Spices

Spice market update: difficult times for cardamom farmers

March 25, 2022 8:46 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 new crop is increasingly arriving on the markets and even though some market players are complaining about discolouration, traders are busy stocking up on the new goods, so that prices have climbed by USD 10/mt compared to last week and are currently at USD 2,840/mt FOB India. The prospect of a crop up to 25% smaller than last year is prompting buyers to strike now. Some producers are taking advantage of this; they are holding back their goods in order to drive prices up further. As buying interest will continue to rise in the course of Ramadan, especially

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