Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
17 August 2026.
The spice market shows a mixed trend, with Turmeric exhibiting firmness, while Large Cardamom and Nutmeg are experiencing softness due to increased supply and subdued demand.
🚀 Turmeric Holds Firm Amid Strong Sales
Turmeric sales remained robust even after the Independence Day holiday, contributing to positive market sentiment. Prices for Erode Gatha saw a notable increase. The active futures market also reflected this strength, indicating sustained investor confidence. The market anticipates Turmeric prices to maintain their current firmness in the coming days, suggesting a bullish outlook.
📉 Cumin Faces Dull Outlook Amid Weak Demand & Monsoon Concerns
Cumin arrivals in Unjha remain limited, contributing to price stability rather than significant increases. Weak demand from Bangladesh continues to dampen export prospects, while an insufficient monsoon in key Gujarat regions impacts domestic sentiment. Overall low arrivals and absent exporter demand suggest continued market dullness. Despite a temporary price hike, recent stockist selling has pushed prices back down, indicating underlying weakness.
🌳 Nutmeg Prices Soften, No Immediate Rebound Expected
Nutmeg prices have experienced a softening trend, influenced by the closure of Homage Street markets and active arrivals from Kerala. This downward pressure has led to a reduction in per-kilogram rates. The market sentiment is further affected by a noticeable lack of activity from exporters. Industry experts currently foresee no significant price increases for Nutmeg in the immediate future.
🌱 Coriander Stable Despite Increased Arrivals & Weak Demand
Following recent rainfall, increased arrivals of coriander in the Baran mandi of Rajasthan have been noted. Despite this higher supply, demand has remained sluggish, resulting in stable prices at their previous levels. The active futures market also saw a slight softening due to weak selling by stockists. The market currently predicts no major price fluctuations for coriander in the near term, indicating a stable but cautious outlook.
🔻 Large Cardamom Remains Soft, No Firmness in Sight
Large Cardamom continues to exhibit a dull trend, following a period of recent market slowdown. Kanchikut prices have remained stable, however, average auction prices have seen a decline, negatively influencing overall market sentiment. Traders do not anticipate any significant firmness for Large Cardamom in the immediate future, suggesting continued weakness.
🌿 Fenugreek Seeds Steady, No Downturn Predicted
Fenugreek seeds have maintained a dull but stable trend after a recent decline in prices. Rates have remained unchanged, indicating a lack of significant market movement. Arrivals in producing areas and previous day’s prices both pointed towards stability. With the harvest season underway, market sentiment remains cautious but without any immediate fear of a slowdown.
📉 Green Cardamom Dips as New Crop Pressure Mounts
Green Cardamom is experiencing dullness due to abundant stock and weak demand in the market. The pressure from the new crop, evident in auction yards, has led to a significant price drop. Munchkhla prices have fallen, indicating a clear bearish trend. The combination of increased supply and subdued demand is expected to keep prices soft in the near term.
🔑 Key Takeaways
for Buyers
- Monitor Cumin Volatility: Exercise caution with Cumin due to its susceptibility to monsoon performance and unpredictable stockist activity. Be prepared for continued dullness unless export demand or domestic monsoon conditions significantly improve.
- Evaluate Cardamom Holdings: Consider the current market weakness in both Large and Green Cardamom. High stock levels, weak demand, and new crop pressure suggest that immediate upward movement is unlikely. Strategic selling or holding for a longer horizon may be advisable.
- Leverage Turmeric’s Strength: Turmeric is showing consistent firmness supported by strong sales and positive futures. This commodity presents a stable environment for sellers, with expectations of continued strength.
- Exercise Caution with Nutmeg: The Nutmeg market is soft due to supply and lack of export activity. Avoid aggressive buying in the short term as significant price increases are not anticipated.
- Assess Coriander Stability: Coriander remains stable despite high arrivals and weak demand. While not showing immediate bullish signs, its price stability offers a predictable trading environment.
📲 Get these daily Key Takeaways the moment they’re out — free on Telegram: