Spice market update: chilli prices are declining

September 27, 2024 at 8:05 AM , Der AUDITOR
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GUJARAT. Weekly monitoring with the latest market information from India on cumin, coriander and chilli, black pepper and cardamom as well as a price list for more than 70 products.

Cumin

As expected, high demand is ensuring that prices on the Indian cumin market are maintaining their upward trend; European importers in particular are stocking up generously and buyers in Bangladesh have also started buying again. The Indian traders themselves only have small stocks, as 40% of the crop is still in the hands of the growers. They are planning to gradually reduce their stocks in order to stabilise the good prices. Initial estimates regarding the acreage for the coming season indicate that the size is likely to be similar to this year, which could a

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