Spices

Spice market update: favourable cumin prices attract buyers

January 26, 2024 at 8:13 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

Prices on the Indian cumin market have declined once again, this time by a considerable USD 200/mt. However, traders are assuming that the bottom has now been reached. Some farmers are holding back their produce as they do not want to part with it at such low prices just yet. Due to the high prices last season, many of them have expanded their cumin cultivation, which is now reflected in large quantities and falling prices. Demand from the Gulf States picks up in the run-up to Ramadan, and importers there naturally benefit from the favourable prices. In some c

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