Spice market update: growers expect production declines

November 10, 2023 at 8:11 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

The situation on the cumin market is currently pretty bleak. In the last five weeks, Indian cumin has already lost more than 20% in value, with prices falling by a whopping USD 500/mt compared to last week alone. Indian exporters are under pressure as they urgently need to re-export the product imported from China, otherwise they face a 36% duty payment. This is forcing them to sell the goods as quickly as possible, even if they suffer losses as a result. In addition, there is a sudden drop in both domestic and overseas demand, which will not be offset by the

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