Indian Spices Market Report: Short-Term Trends and Insights

Published 06-01-2025, 05:41 pm

The Indian spices market is currently witnessing mixed trends, with price stability in certain spices and limited movement in others. The subdued demand and increased supply from new harvests are major influencing factors. This report highlights the latest updates for key spices in the market, including red chili, clove, small cardamom, black pepper, dry ginger, pistachio, cumin, and cashew.

Red Chili

  • Price Trend: Stable at ₹17,000 per quintal for Red Chili 334.
  • Market Movement: Recently experienced a price rise of ₹1,000, but demand remains sluggish.
  • Supply Insights: Arrival of 25,000 new crop bags and 50,000 old crop bags in Guntur.
  • Outlook: Likely to remain sluggish over the next 1-2 days.

Clove

  • Price Trend: Steady at ₹840 per kg.
  • Market Movement: Experienced a recent decline of ₹10-15 per kg.
  • Market Sentiment: A weak Indian rupee is affecting sentiment.
  • Outlook: No significant price rise expected in the near term.

Small Cardamom

  • Price Trend: Increased to ₹3093.74 per kg in the latest auction, compared to ₹2866.59 on December 24.
  • Market Movement: Strong stockist demand pushed prices higher; 7.5mm small cardamom rose to ₹3350 per kg.
  • Supply Insights: Auction arrivals increased to 12,927 kg.
  • Outlook: No signs of decline in the immediate future.

Black Pepper

  • Price Trend: Stable at ₹650 per kg for Merkara variety.
  • Market Movement: Recent price drop of ₹20 per kg.
  • Supply Insights: Weekly market closures in Kochi; new crop arrivals impacting sentiment.
  • Outlook: Unlikely to see a price rise in the short term.

Dry Ginger (Saunth)

  • Price Trend: Stable at ₹28,000 per quintal for standard quality.
  • Market Movement: Recent decline of ₹1,000 per quintal.
  • Supply Insights: Weekly closure in Kochi; prices steady despite prior market activities.
  • Outlook: No significant price increase expected in the near term.

Cumin (Jeera)

  • Price Trend: Stable at ₹25,800 per quintal for standard quality.
  • Market Movement: Recent increase of ₹200 per quintal.
  • Supply Insights: Arrival of 8,000-10,000 bags in Unjha; new crop sowing nearing completion.
  • Outlook: No signs of price decline in the short term.

Key Market Insights

  • Demand Trends: Across most spices, demand remains subdued despite price corrections.
  • Supply Conditions: Increased arrivals from new harvests are keeping prices stable.
  • Global Factors: Exchange rate fluctuations (weak Indian rupee) are influencing market sentiment.

Conclusion
The Indian spices market reflects a cautious sentiment with limited price movement expected in the short term. While some commodities like small cardamom show upward trends, others remain stable or bearish. Participants should remain vigilant and adapt strategies accordingly.

Disclaimer: The above analysis is based on market trends as of the latest updates and is subject to change based on future market developments.The views expressed in this article are solely those of the author, who has spent over a decade analyzing the grains, spices and oilseeds markets. With a deep understanding of global agricultural market dynamics, the author offers insights based on extensive experience in trade analysis and market trends. While every effort has been made to ensure the accuracy of the information presented, the views shared are subjective and reflect the author’s perspective on the evolving spices market.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.