Spices

Spice market update: pepper crop might be lower than expected

May 13, 2022 8:21 AM, Der AUDITOR
Play report as audio

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 experienced ups and downs over the past few days and have now settled at USD 2,925/mt FOB India, which is USD 25/mt less than last week. However, traders are in a dilemma: on the one hand, commodity prices have increased by almost 75% in the last ten months, and on the other hand, buyers are not willing to pay significantly higher prices. Indian market players cite the decline in production as the reason for these massive increases; while the crop in the 2020/21 season is estimated at 184,000 mt, the forecasts for 2021/22 are only 103,000 mt,

View related articles

Go to the News Overview
Spices
Sep 30, 2022
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.
Spices
Sep 28, 2022
TEHRAN. Although Iran’s saffron exports slumped between January and August, suppliers are not necessarily sad about this.
Spices
Sep 28, 2022
SABZEVAR. Production stands and falls with the rain for green cumin. Judging by the amounts harvested this year conditions were not quite ideal in Sabzevar County in Iran’s Razavi Khorasan Province. Exports also took an unbelievable turn in August.
Spices
Sep 23, 2022
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.