Spice market update: chilli traders bid monsoon goodbye

October 2, 2024 at 11:36 AM , Der AUDITOR
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GUJARAT. Weekly monitoring with the latest market information from India on cumin, turmeric, chilli and cardamom as well as a price list for more than 70 products.

Cumin seeds

Cumin has gained continuous support in the past three to four weeks. Anticipation is that this trend will continue until the major festivals are celebrated. There are, however, a few trade boosting factors that will prompt a notable appreciation soon. China, for instance, took the opportunity to purchase 30,000 mt between April and June while new arrivals weighed on the market. Business then slowed as domestic production seemed quite fruitful in China. Yet, as real figures are emerging it is becoming apparent that production will not exceed 50,000-55,000

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