Dear Client,
Please find below the latest market updates for the Indian Spice sector as of
2 June 2026.
Major spice commodities, including turmeric, cumin, and nigella seeds, recorded price declines in the wholesale market due to a combination of rising new crop arrivals and sluggish demand from stockists.
Chilli Market Weakens on Fresh Bareilly Crop Arrivals 🌶️
The red chilli market is experiencing a sluggish trend as the arrival of the Bareilly crop has improved domestic supplies. Although the major Guntur market remains closed for summer holidays, wholesale spot prices have softened due to slow demand. With exporters showing limited interest and production estimated to be lower this year, the market is expected to remain weak in the near term.
No Long-Term Rally Expected for Turmeric as Speculative Interest Fades 💛
Turmeric prices have softened recently, and the market shows no immediate signs of a strong upward rally. While daily arrivals in Erode remain steady, a drop in active futures contracts driven by weak speculative buying has dampened overall physical market sentiment. Stockists are keeping purchases limited, which is expected to keep the market subdued in the coming days.
Coriander Holds Firm Amid Decreased Arrivals in Rajasthan Mandis 🌿
The coriander market is displaying resilience, with little to no risk of a significant price decline in the near term. A decrease in selling pressure in Baran Mandi has kept daily arrivals at lower levels, supporting spot prices. Although speculative buying in futures remains light, steady domestic demand is keeping the market sentiment stable.
Black Pepper Market Sluggish with Sri Lankan Shipments on the Horizon 🖤
Black pepper is anticipated to maintain a sluggish trend over the coming week. Buying activity by stockists has slowed down even at stable prices, and spot arrivals in Kochi remain steady. The market sentiment is also being weighed down by expectations of fresh import shipments from Sri Lanka starting to arrive in about a month.
Cumin Consolidates as Stockists Adopt a Cautious Approach 🤎
Cumin prices are expected to trade within a very limited and tight range in the near future. Sluggish purchasing activity by stockists at current levels has pushed prices down, while arrivals at the Unjha market remain steady. Weakness in the active futures market due to low speculative interest has further limited any upward price movement.
Large Cardamom Stabilizes with Steady Support at Lower Levels 🪵
The large cardamom market is holding steady, and there is minimal risk of a major price drop in the coming week. Light stockist buying has emerged at lower price levels, providing immediate support to the market. Recent auction averages indicate a balanced supply and demand dynamic, keeping prices stable.
🔑 Key Takeaways
for Buyers
- Caution on Chilli: Avoid large-scale procurement of red chilli for the next week as supply from Bareilly improves and Guntur mandi prepares to reopen on June 12.
- Buy Turmeric on Dips: With the futures market showing weakness and no major immediate rally expected, buyers should procure turmeric only on a hand-to-mouth basis.
- Accumulate Coriander: As arrivals drop in Rajasthan, downside risks for coriander are low. Buyers can gradually accumulate quality stock at current stable levels.
- Watch Black Pepper Imports: Keep procurement minimal for black pepper and monitor the progress of upcoming import shipments from Sri Lanka, which could pressure domestic prices.
- Range-bound Trading for Cumin: Cumin is trading in a tight range with low speculative interest. Focus on short-term trades and avoid holding high-cost inventory.