Spices

Spice market update: Diwali festival causes high domestic demand

October 15, 2021 at 8:38 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

Cumin prices have risen due to high demand from local traders and exporters. Market players report that prices are climbing upwards daily amid higher arrivals. Processors are busily stocking up for the Diwali festival, which will be celebrated on 4 November this year. Things are less rosy on the export demand side; the container shortage and high freight rates make buying here unattractive. As the monsoon is coming to an end, sowing for the new season should start soon. Grade A cumin currently costs USD 2,055/mt FOB India.

Coriander seeds

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