Spices

Spice market update: pepper market in a vicious circle

August 19, 2022 at 8:26 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 climbed by another USD 60/mt compared to last week. Market players report that traders are sometimes going directly to farmers and making them tempting offers that are even higher than the current market prices; many farmers are nevertheless not willing to sell as they expect even stronger price increases. At present, market players reckon that almost 70% of the remaining goods are in the hands of the growers. If one looks at the current arrivals in Rajasthan and Gujarat, one notices that up to 35% come from last year's stocks; at that time,

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