Spice market update: chilli exports support domestic market

June 7, 2024 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

Once again, Indian cumin prices have managed to climb compared to last week. However, some circumstances suggest that there are limits to the price increases. Firstly, Chinese market players are expecting a large crop, which could possibly be twice as large as last year. Of course, this is causing international buyers in particular to wait and see, because if this forecast materialises, cumin prices on the global market are likely to fall sharply. Meanwhile, Indian farmers have increasingly released their produce for sale in order to profit from the high price

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