Spice Market Report (Market Information)

Spice Market Information & News

Cumin Seeds:

The arrival of cumin in the mandis of Gujarat including Unjha has started increasing. Recently, due to the increase in arrivals and poor visibility of traders and exporters, the cumin has decreased slightly recently. There is no hope of a special increase in cumin in the coming time. After the Goods and Services Tax (GST) and after the rain, there is an increase in the number of cumin seeds in Gujarat's mandis, including the Unjha. As per the information there is about 6000 to 7000 bags arrival reported and which shows upward trend of arrival.

On the other hand, reports of the supply of Turkish and Syrian crop have been relatively fragile internationally. Generally, in these two countries approximately 35000 tonnes of cumin is produced. Initially, in both of these countries estimates of about 40000 tonnes of cumin seeds were produced, but after this there was also news that about one-third of their crop was damaged. The production of cumin was affected due to the Turkish and Syrian civil war in the last five-six years. For this reason, India has remained a dependent supplier of cumin for the last two-three years at international level. Here, the local wholesale grocery market has remained stable and little downward. On the other hand, in the international market, the cumin seed remains at the level of $3.53 per kg. Despite the relatively high prices in the domestic markets, 11900 mt. of cumin worth rupees US$306.75 million have been exported in the financial year 2016-17, which was 97,790 mt. in the previous financial year and generated US$239.24  million was. It is clear that this time the export of cumin increased by volume 22 % and 28% on the basis of revenue income. Not only this, the Spices Board had set a target of exporting 110000 mt. tonnes of cumin worth US$257.81 million for the financial year 2016-17. On the basis of quantity, its exports are 108% and in terms of quantity, it is 119 %. There is no hope of a significant increase in cumin in the next few days.

Coriander Seeds:

In the Baran mandi of Rajasthan, it is known that there were about 300 bags being nominated and the price remained stagnant at the previous level. Active futures declined by 1.67 per cent under presser of selling from speculators. Coriander is not expected to increase in the next couple of months in the spot market. Other origins coriander are down so no reason that market will go higher. Coriander on online platform is stable and little down.  Spot market prices are also stable and little down.  Arrival in Rajsthan :  Ramganj mandi, Kota, Baran, Gujrat :  Gondal, Junagadh total arrival reported about 7000 bags.

Fenugreek Seeds:

• Market is stable. The prices of Indian Fenugreek Seeds have dropped to all time bottoms and this is the best time to purchase Indian Fenugreek Seeds. There is no local & exports demand. Huge amount of stocks in the market.
• Millet / Yellow-Green Bajra:

• Price is down; there is no demand for exports as well as local market.
• Kalonji / Black Seeds:

• Prices are down. There is not much demand for exports as well as local market.
• Mustard Seeds

• Prices stable today as there is no local demand for oil market.
• Fennel Seeds:

• Prices are stable as there is no demand from local and exports market, more cargo arrival reported at Unjha market and other market.
• Flax Seeds

• Prices are down side today for machine cleaned and Sortex cargo and sortex cargo. There is no demand reported for exports as well as local market.
• Dill Seeds:

• Prices are stable. There is not much demand from international and domestic market.
• Ajuwain Seeds/ Aniseeds:

• Prices are stable. There is not much demand from local as well as exports market.