Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
27 August 2026.
The spice market witnessed profit-taking with small cardamom experiencing a notable decline, while turmeric and makhana markets ruled soft due to sluggish demand and weak buying interest.
🟢 Small Cardamom Under Pressure from Growing New Crop Arrivals
Small cardamom prices faced sharp downward pressure during recent auctions due to weak buying support and elevated arrival levels. The arrival of the new crop is weighing heavily on market sentiments, leading to a bearish trend in spot trading. The market is anticipated to witness further price corrections in the coming days as supply pressure continues.
💛 Turmeric Softens as Buying Momentum Slows Down
Turmeric prices experienced a soft trend due to a lack of active buying interest in the spot market. Major varieties like Erode finger and Salem double-polished registered notable corrections due to sluggish demand. The immediate outlook suggests a quiet trading phase until festive demand gathers pace.
🌿 Coriander Sowing Drops, But Sluggish Spot Sentiment Persists
Coriander arrivals in major producing mandis of Madhya Pradesh and Rajasthan remain significantly below normal levels due to limited farmer selling. Despite a reduction in domestic sowing caused by low prices last season, sluggish demand is expected to keep the market subdued. Although exports have dropped by volume, overall export revenue has risen, suggesting stable international interest, but domestic trading will likely remain slow.
🌶️ Red Chilli Markets Seek Stability Amid Quiet Buying
Despite the arrival of the festive season, buying momentum in the red chilli market remains slow. Prices in key trading hubs like Guntur and Delhi have stayed steady after a brief rally earlier. Traders expect the market to move sideways with range-bound prices in the short term.
🧄 Cloves Maintain Strong Footing on Lower Import Quality Reports
The cloves market continues to exhibit strong upward momentum with firm buying support. Market sentiments are highly supported by reports of inferior quality crops from major producing countries. The short-term outlook remains bullish, with prices expected to maintain their firm trend.
🖤 Black Pepper Shrugs Off Import Pressure to Maintain Firm Tone
Black pepper prices have shown stability as import pressure from Sri Lanka begins to ease. Spot market activity in Kochi was temporarily halted due to the Onam festival but is expected to return to normal soon. The overall sentiment remains strong, with a firm market outlook expected over the next few days.
🍂 Dry Ginger Holds Firm as Rising Fresh Ginger Costs Support Sentiment
Dry ginger trading remains steady despite sluggish sales, with prices holding firm. The Kochi market is temporarily closed for Onam but is expected to resume standard operations soon. Firming fresh ginger prices are keeping market participants optimistic, with low risk of any downward correction.
🌾 Cumin Market Remains Sluggish Despite Moderate Arrivals
Cumin markets continue to experience sluggishness as buying support remains weak in both spot and futures segments. Despite lower-than-expected arrivals at major mandis like Unjha, buyers are reluctant to make heavy commitments at current levels. The short-term outlook remains bearish and range-bound.
🌱 Fenugreek Trading Quiet but Steady as Monsoon Season Impacts Demand
Fenugreek seed prices have remained stable despite a slow start to the high-consumption season. Arrivals and prices in key producing regions are steady, with monsoon conditions influencing current market perceptions. Analysts do not foresee any downside risk, expecting prices to hold firm.
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