Spices

Spice market update: turmeric production may halve

July 21, 2023 at 8:10 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

Indian cumin prices have risen by another USD 150/mt compared to last week and traders are now drawing conclusions. Many of them are buying more in China, where prices are 17-18% cheaper than in India. China itself has purchased a lot of goods from India in the last three months - at that time the prices were still significantly below the current ones. This is now turning out to be a smart move, because as domestic production is also increasing, China now has the opportunity to export large quantities of goods. Indian sellers are also trying harder to sell the

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