Spices

Spice market update: possible shortage of turmeric and pepper

June 24, 2022 at 8:13 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 fallen further compared to last week. According to Indian market players, the further price development now depends largely on two factors. Firstly, demand from China plays an important role: after producing between 20,000 and 23,000 mt each in 2019 and 2020, the crop volume already collapsed to 15,000 mt last year and only 10,000 mt are forecast for 2022. As stocks are now slowly coming to an end, traders are expecting a high buying interest in Indian goods. This would drive prices up, as would the hoped-for domestic demand, which could incr

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