Small Cardamom: Prices increased due to rising demand.
Large Cardamom: Prices also rose due to increased demand, No weakness is anticipated for large cardamom in the coming days
Cumin:Prices decreased due to weak demand. Arrivals in Unjha were around 5,000-6,000 bags. Futures contracts became soft, dropping 1.29% . Long-term strength for cumin is not expected in the coming days
Turmeric: Prices dropped due to weak demand. Arrivals were around 7,500 bags. Futures contracts dropped by 0.12% due to slow investor activity. Weakness is expected to continue for turmeric in the near future
Red Chili: The red chili market is currently strong, with prices rising, although farmer sales are limited at higher prices. Exporter activity was slow but recently gained momentum. An increase in red chili prices is expected in the coming days. Due to limited farmer sales, the arrival of red chili in Guntur has increased to 45,000-50,000 bags, leading to slight increases across various varieties. Although cultivation was comparatively lower, favorable weather and good average productivity suggest a good yield. Farmers in Andhra Pradesh and other producing states are rapidly selling their red chili crops due to fears of further price drops
Nutmeg : Despite recent price drops, its upward trend remains slow, Firmness is expected in the coming days due to less arrival in Kochi
Coriander : Despite rising prices, sales are slow. prices remained stable compared to the previous day. Futures contracts rose due to increased investor activity. Firmness is expected for coriander
Fenugreek Seeds : Despite firmness, its upward trend remains slow. General fenugreek is unchanged Arrivals in Rajasthan’s main Centres are stable, with prices similar to the previous day. Monsoon season affects the market trend. Firmness is expected for fenugreek.
Basmati Rice: Prices increased due to export demand and fear of crop failure
Weekly Spice Report
As of July 26, 2023, the country has received 378.1 mm of rainfall during the current monsoon season (June 1 to July 26), which is 5% above the long-period average of 360.5 mm.