Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
27 September 2026.
The Kirana market saw mixed movements with Mace, Cloves, and Nutmeg experiencing softness, while Kalonji demonstrated significant strength due to increased demand.
Kalonji Surges Amidst Strong Demand! 🚀
Kalonji has witnessed a significant price increase, surging due to robust demand in the market. Despite general softness in some other commodities, Kalonji stands out with its upward momentum. This trend indicates strong consumer or industrial interest, positioning Kalonji for continued strength in the near term. The market sentiment remains bullish, driven by persistent buying interest.
Mace & Nutmeg Remain Soft on Weak Demand 📉
Both Mace and Nutmeg are experiencing softness in the market, attributed primarily to weak demand. Prices for these commodities have declined, reflecting a lack of significant uptake from buyers. Unless demand picks up, these spices are expected to continue trading in a softer range. Importer selling further contributes to the current downward pressure.
Cloves Soften Due to Sluggish Demand & Imports ⬇️
Cloves have shown a soft trend, with prices declining due to subdued demand and active selling by importers. The market lacks significant buying interest, which is putting downward pressure on prices. Without an increase in consumer or industrial demand, cloves are likely to remain in a soft trading environment. Market participants are advised to monitor import volumes closely.
Big Cardamom: Limited Rally Amidst Strong New Crop & Geopolitical Tensions ⚠️
After a period of weakness, Big Cardamom has seen slight improvement, but a sustained bullish rally is not anticipated, largely due to a promising new crop. Geopolitical uncertainties, specifically reports of US military action impacting the Hormuz Strait, are causing market caution and limiting activity. While current stability is noted due to stock shortages and past adverse weather affecting the first crop, weak arrivals from Nepal are impacting imports, yet future imports are expected to rise. India’s exports have also declined year-on-year, contributing to a cautious near-term outlook with prices expected to remain within a limited range.
Red Chilli Eyes Strength in the Coming Week 💪
Red Chilli is projected to maintain a strong market stance over the next five to seven days. Despite recent price stagnation due to stockist selling, the underlying sentiment remains bullish. Exporter selling activity is currently influencing the market, but expectations of sustained demand suggest an upward trajectory. Traders anticipate a resilient market for Red Chilli in the immediate future.
Turmeric Poised for Growth as Demand Rises 📈
Turmeric is expected to experience a modest price increase in the upcoming six to seven days. Recent market activity, including light selling by stockists, has already seen prices firm up. Reports of rising arrivals in key markets like Eroed, coupled with positive price adjustments, underscore growing market confidence. The outlook for turmeric remains cautiously optimistic, driven by increasing demand.
Coriander Forecasts Near-Term Weakness 📉
Coriander is anticipated to trend downwards in the coming five to seven days. Selling pressure from stockists has kept prices stable but on a lower note recently. Market closures in Rajasthan for Ganesh Chaturthi also indicate subdued trading activity. The overall market sentiment suggests that coriander will likely experience some weakness in the immediate future, prompting caution among traders.
Black Pepper Shows Signs of Improvement ✨
Black Pepper could see an improvement in its market position over the next six to seven days. Despite current stagnation influenced by stockist selling, there are underlying discussions about increased imports from Sri Lanka which could affect dynamics. Arrivals in key markets are reported stable, suggesting a potential for firmer prices. Traders should watch for shifts in import trends and demand, which could drive this improvement.
Cumin Expected to Maintain Stability ⚖️
Cumin is projected to remain stable in the upcoming five to seven days. Despite previous price increases, selling by stockists has kept current prices in check. The market has seen closures for festivals, which temporarily halted trading activity in both spot and futures markets. Overall, the market anticipates a period of stability, with no significant directional shifts expected in the immediate future.
Fenugreek Anticipates Stability as Season Ends 📊
Fenugreek is expected to remain stable over the next one to two days. Current sales are steady, and prices in producing regions are stable compared to previous days, despite a recent decline. The approaching end of the consumption season is influencing market sentiment towards stability. Traders should expect Fenugreek to hold its current price levels in the very short term.
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