Spices

Spice market update: price rally for chilli is over

September 4, 2020 10:48 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

Demand on the cumin market is currently very weak. Neither stockists nor exporters are making large purchases, so spice manufacturers are the only active buyers. However, they too are currently buying only a limited amount of goods. As a result, spot prices are up to 19% lower than futures. Market players from Unjha report that there is some demand from China, but this is not comparable to the time before the coronavirus pandemic. Another reason for the falling prices is the high moisture content of the goods in the warehouses, which was caused by heavy rainfa

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