Spices

Spice market update: festival demand fails to show

October 19, 2023 at 11:32 AM , Der AUDITOR
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GUJARAT. Weekly monitoring with the latest market information from India on coriander, turmeric and chilli and black pepper as well as a price list for more than 70 products.

Coriander seeds

Coriander is under pressure as NCDEX stocks are high and arrivals regular in the trading markets. Abundant supplies mean that buyers do not have to worry that prices may rise and they are taking their time. Coriander, Eagle, 5% Split, is trading at USD 1,000/mt FOB India, which is USD 15/mt down on last week. Yet, the crop size may decline in the main producing state of Gujarat as some farmers are switching to cumin. High-quality supplies are also lacking, which may drive up prices.

Turmeric

Although the festival seas

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