Spices

Spice market update: expected demand failed to materialise

November 4, 2022 at 10:19 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 cumin market has undergone an interesting development this year. While it had initially achieved high growth, the sharp price declines in recent weeks have confused traders. Some new entrants had entered the market when prices had peaked and are now facing the prospect of losses. Some suppliers are now trying to artificially push up prices and demand by spreading rumours. They are mainly hoping for better export values; between April and September 2022, only 121,800 mt of Indian cumin was shipped overseas, which is only 40% of exports in the corresponding

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