Spices

Spice market update: price reductions in almost all markets

February 4, 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

After several weeks of an upward trend in the cumin market, lower demand is now causing prices to decline. Buyers are waiting for the arrival of the new crop, which will hit the markets in late February or early March. They were also deterred by the high prices. Market players are currently reckoning that the more favourable level will continue for the time being or possibly be corrected downwards even further. Prices for the new crop are likely to be supported by the prospect of a 20-30% smaller crop volume. Currently, cumin, grade A costs USD 2,265/mt FOB In

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