Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
10 August 2026.
Weak stock levels have led to an uplift in prices for Magaj Tarbuj (Watermelon Seeds) and Turmeric.
Coriander: Trade Caution & Stable Outlook Ahead 📉
Coriander trade requires caution due to limited farmer sales and consistently low arrivals in key producing markets. Despite recent good monsoon rains in Madhya Pradesh and Rajasthan, arrivals remain low, and lower sowing this year, influenced by unattractive prices last season and unfavorable weather, continues to impact supply. While specific markets saw minor increases, the overall outlook suggests no long-term rally for the next 5-7 days, with futures softening due to stable stockist selling. Exports decreased by 25% in quantity but increased by 8% in value for April-May 2026-27 compared to the previous year, signaling a shift in market dynamics.
Red Chilli: Stability Forecast in Coming Days 🌶️
Red Chilli prices are largely anticipated to remain stable over the next 5-7 days. Prices for the 334 Number variant held steady last week, following an earlier increase. Arrivals in the Guntur market were approximately 50,000 bags, maintaining stable price levels. Monsoon conditions in Andhra Pradesh are a critical factor influencing market sentiment and supply. Traders and market participants expect this stability to continue into the upcoming week, with no significant directional changes foreseen.
Turmeric: Volatility Expected Amidst Weak Sales 🌀
Turmeric prices are projected to experience sharp fluctuations over the next 5-6 days. Last week saw Erode Gatha ETJ prices initially drop significantly before recovering, but still recording an overall decline compared to the previous week. Arrivals in Erode were moderate, with prices holding steady on a daily basis. Active futures contracts softened due to persistent weak selling pressure from stockists. Market participants should prepare for continued price swings in the near future.
Black Pepper: Steady Prices with Import Influence 🚢
Black Pepper is expected to maintain stable prices over the next 6-7 days. Marker Black Pepper remained steady last week despite minor improvements, attributed to consistent selling from stockists. Kochi reported stable arrivals and prices, indicating a balanced supply-demand scenario locally. However, market sentiment is notably influenced by ongoing imports from Sri Lanka. This external factor is likely to contribute to the continued stability in domestic prices.
Cumin: No Immediate Upside Momentum 📉
Cumin is not anticipated to see an increase in prices over the next 5-7 days. Prices for Cumin Samanya remained unchanged last week despite prior declines, primarily due to steady stockist selling. The Unjha market reported moderate arrivals of approximately 10-11 thousand bags, with prices stable. Active futures contracts softened due to weak stockist sales, influencing the overall market sentiment. Therefore, no immediate upward movement is expected for Cumin in the coming week.
Large Cardamom: Rally Unlikely, Prices Soften 🍃
A rally in Large Cardamom prices is not foreseen for the next 6-7 days. Prices for Kanchikattu Large Cardamom softened last week due to weak selling by stockists, following an earlier decline. Recent auction data shows average prices holding within a specific range, indicating a lack of strong upward momentum. The market remains under pressure from limited buying interest from stockists. No significant price appreciation is expected in the upcoming week.
🔑 Key Takeaways
for Buyers
- Coriander: Maintain Prudent Inventory: Given limited farmer sales, low arrivals, and reduced sowing, avoid aggressive long positions. Monitor supply dynamics closely for potential short-term scarcity, but anticipate no sustained upward trend.
- Turmeric: Prepare for Volatility: Expect sharp price fluctuations. Keep a close watch on stockist selling behavior and daily market arrivals, as these are key drivers for short-term trading strategies.
- Red Chilli & Black Pepper: Embrace Stability: Both commodities are forecast to remain stable. Leverage current inventory levels to meet consistent demand and observe monsoon developments for chilli, and import trends for black pepper.
- Cumin & Large Cardamom: Bearish Stance Advised: No immediate price rally is expected, with prices softening due to weak stockist sales. Consider postponing fresh buying and manage existing positions carefully to mitigate downside risk.
- Cross-Commodity Market Observation: Pay attention to broader market sentiment driven by stockist activity and regional monsoon patterns, as these factors are influencing price directions across multiple spice commodities.
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