Spices

Spice market update: shipments on hold due to China rains

May 2, 2024 at 12:16 PM , 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 seeds

Although cumin is trading lower again this week, the situation may change overnight. Reason is that heavy rains have been suffered in southern China forcing over 100,000 people to evacuate to safe places. Severe damages have been reported in the cities of Guangdong, Guangzhou and Jiangmen. Chances are that the area sown will be greatly reduced. Yet, it should be noted that the general picture is far from clear. Only certainty is that a bumper crop is highly improbable.

Chinese importers have kept shipments on hold for now and news is that 70-80%

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