Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
18 September 2026.
Key spice markets see mixed trends: Turmeric and Ajwain prices surged due to robust demand, while Large Cardamom experienced a decline amid weak off-take. Dry fruits also faced price reductions due to softening demand.
Turmeric Prices Surge on Robust Demand! 📈
Turmeric prices have seen a significant increase, driven by strong market demand. The Erode variety is now trading higher, reflecting bullish sentiment. Market participants expect this upward trend to continue as demand remains firm and off-take improves.
Ajwain Prices Climb Amidst Supply Shortages! ⬆️
Ajwain prices have witnessed a notable jump, primarily driven by limited stock availability and consistent consumer demand. Despite low stock in Hajir, strong buying interest has pushed prices up. The market anticipates continued strength due to the prevailing supply-demand imbalance and sustained off-take.
Large Cardamom Softens on Weak Demand & Auction News! 📉
Large Cardamom prices declined, influenced by reports of sluggish auction centers and overall weak demand. The market sentiment remains bearish without a significant increase in off-take. Prices are expected to remain subdued in the near term as current conditions persist.
Chilli Market Heats Up: Strong Outlook Ahead! 🔥
Chilli prices have registered a notable increase following a recent surge in arrivals in Guntur, indicating renewed buying interest. Despite recent monsoon rains in Andhra Pradesh, rainfall remains approximately 50% below average, posing a potential threat to future crop yields. Traders expect the chilli market to remain firm in the coming days, with current prices holding steady after previous gains.
Cloves Hold Steady Amidst Soft Sales & Quality Concerns! 💨
Clove sales remain soft following recent price declines, keeping prices stable at previous levels. Reports of lower quality new crop from overseas markets are influencing market sentiment. The market does not anticipate any significant price increases for cloves in the upcoming days, suggesting a continued subdued trend.
Small Cardamom Firm Despite Higher Arrivals! 🌱
Small Cardamom saw increased arrivals at a recent auction, with a substantial volume reported. Robust bidding, despite higher supply, pushed the average auction price up significantly. Prices remain stable at previous levels, and no decline is anticipated in the immediate future, indicating a firm market.
Black Pepper Remains Soft; Imports Weigh on Sentiment! 🧂
Despite recent price improvements, black pepper off-take remains sluggish, keeping prices stable. Increasing imports from Sri Lanka are influencing market dynamics and potentially leading to further softness. Traders anticipate that black pepper prices will likely continue to exhibit a soft trend in the short term.
Fennel Seeds See Soft Sales Post-Rally! 🌬️
Fennel seed sales have turned sluggish after a recent price rally, leading to stable prices at previous levels. Prices in Kutch and other regions are reported to be unchanged. The market does not foresee any immediate price increases for fennel seeds in the coming days, suggesting a period of consolidation.
Cumin Remains Firm After Recent Uptick! ✨
Cumin prices are holding firm after a recent increase, driven by a slight rise in active contract bids. Despite sales remaining soft, the overall market sentiment remains strong. Traders anticipate that cumin will maintain its robust stance in the near term, with prices expected to stabilize at current levels.
Fenugreek Seeds Softness Persists; Export Demand Lags! 🌾
Fenugreek seed sales are currently soft after previous price declines, resulting in stable prices. Reports from producing regions indicate unchanged arrivals and prices. A significant lack of demand from exporters is influencing market sentiment, suggesting no immediate prospects for price increases.
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