Spice market update: chilli peppers spoil in the warehouses

July 12, 2024 at 8:15 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 fallen again compared to last week, but market players are still quite optimistic about the near future. Farmers are holding back some of their produce in the hope of price increases and the stocks that they do bring to market are mostly sold out. This is mainly due to the fact that traders liquidated their supplies in the wake of the price rise in May and June and now need to replenish their stocks. In addition, Indian imports have fallen, which is boosting domestic prices. One problem, however, is the drastic fall in export demand. I

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