Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
16 September 2026.
The market opened with a general softness observed across key commodities. Cloves and Cinnamon experienced a downturn, while dry fruits also showed weaker trends, primarily driven by subdued consumer demand.
Cloves Face Bearish Pressure 📉
Cloves have witnessed a notable decline, impacted by weak demand and high prices which have dampened market sentiment. Sales remain sluggish, with prices stabilizing at previous lower levels after a recent drop. There is no expectation for a rally in the near future, indicating continued bearish pressure on the commodity.
Cinnamon Softens on Reduced Demand 🍂
Cinnamon prices have softened due to a decrease in market demand. Alongside cloves, it experienced a downturn, reflecting a broader weak market trend for certain spices. Consumer interest remains subdued, contributing to the bearish outlook for the commodity.
Coriander’s Bullish Prospects Dim 📉
Coriander prices are currently in a subdued phase, with no immediate hope for a bullish trend. Despite limited farmer sales, high prevailing prices are hindering market movement and impacting overall sales. While some producing regions received good monsoon rains, overall arrivals remain low due to sustained high pricing and a reported reduction in sowing this season. Although export value increased, the export quantity declined by 26%, further contributing to a bearish near-term outlook.
Black Pepper: Bearish Outlook with Brief Short-Term Strength 🌶️
Black Pepper prices are stable at high levels, but overall demand is weak due to adequate global supply and cautious processors. Domestic and festival buying is limited, dampening market sentiment. While a brief period of strength is noted, influenced by rising Sri Lankan domestic prices reducing import pressure, the long-term outlook remains soft. Increased arrivals in major producing states like Kerala and Karnataka further contribute to the bearish trend, suggesting no prolonged bullish phase.
Red Chilli Shows Short-Term Strength 💪
After a recent price rally, Red Chilli is experiencing a phase of sluggishness. Guntur market is seeing significant arrivals, while exporter activity has slightly decreased. However, the commodity is expected to maintain its strength for the next one to two days, indicating a potential brief stabilization. Traders should monitor activity in major producing regions.
Green Cardamom: Stable Despite Increased Arrivals 🌿
Green Cardamom has seen sluggish activity following a recent price decline, with prices stabilizing at previous levels. Recent auctions recorded increased arrivals, showcasing robust trade volume. However, despite strong trade, the average auction price softened. Nonetheless, the market is not expected to turn bearish in the immediate short term.
Dry Ginger Faces Sluggish Demand Amid Monsoon’s End 📉
Dry Ginger (Saunth) sales are currently affected by rising temperatures, leading to unchanged prices. As the monsoon season concludes, increased arrivals of fresh ginger are contributing to softness in overall ginger prices. This sluggish market environment is expected to persist for the next one to two days, with no immediate signs of recovery.
Cumin: Sluggish Sales After Recent Rally 😴
Cumin sales have turned sluggish following a recent price rally, with prices stabilizing at previous levels. Futures contracts are showing an uptick despite the current quiet market. Earlier reports indicated stable prices amid significant daily arrivals. The current sluggish market atmosphere is anticipated to continue for the immediate one to two days.
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