Spices

Spice market update: price reductions in almost all markets

February 4, 2022 at 8:26 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

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

View related articles

Go to the News Overview
Spices
Jan 26, 2023
GUJARAT. Weekly market update from India on cumin, coriander and turmeric, chilli, cardamom and black pepper along with a price list for more than 70 products.
Spices
Jan 19, 2023
GUJARAT. Weekly market update from India on cumin, turmeric and black pepper along with a price list for more than 70 products.
Spices
Jan 17, 2023
TEHRAN. Iran’s cooperation with Russia and the regime’s crackdown on protesters are having a direct impact on the country’s cumin industry. Prices have directly responded to the multiple crises the country has witnessed in recent months. Exports have, however, taken a more complex turn.
Spices
Jan 12, 2023
GUJARAT. Weekly market update from India on black pepper, cumin and chilli and cardamom as well as a price list for more than 70 products.