Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
1 October 2026.
The market saw a decline in Turmeric and Coriander prices, while Mace showed significant strength.
🌿 Coriander: No Hope for Bullish Trend
Coriander continues to be soft despite limited farmer sales, primarily due to prevailing high prices impacting overall demand. Monsoon activity has been favorable in key producing regions like Madhya Pradesh and Rajasthan, though weak in parts of South Gujarat. Lower arrivals coupled with a recent price drop and a 27% decrease in export volume (though value increased by 7%) suggest no bullish momentum is expected in the near future.
🌰 Mace: Significant Decline, Now Stabilizing
Mace has experienced a substantial decline of 50% in producer mandis over the last month and a half, largely due to bumper production in Bihar. Prices have fallen significantly from their opening levels. Despite high arrivals and weak selling by stockists, prices appear to have found a floor. Further significant declines are not anticipated, as current levels are causing losses for many stakeholders.
🌶️ Red Chilli: Post-Rally Softness, Potential for Further Fall
Red Chilli sales have slowed following a recent rally, with prices for 334 Number Red Chilli remaining stagnant. Guntur is seeing significant arrivals, while exporter activities are subdued, contributing to a bearish sentiment. Reports indicate a recent drop in prices in Guntur. Traders should anticipate a slight further decline in the coming days.
🌸 Cloves: Softness Expected to Continue
Cloves remain soft after a recent price decline, with prices holding steady at their previous levels. The market sentiment is affected by the arrival of foreign quality cloves and domestic prices that are considered higher than normal. Prospects indicate that Cloves are likely to remain soft for the next couple of days.
🍃 Green Cardamom: No Rally in Sight
Small Cardamom (Green Cardamom) sales are soft following a recent rally, with prices currently stagnant. Recent auctions showed increased arrivals, leading to a drop in the average auction price. The market sentiment is consequently affected. No rally is expected for Green Cardamom in the immediate future.
🖤 Black Pepper: Softness to Persist Amidst Import Speculation
Business activities in Black Pepper are subdued despite a recent improvement, with prices holding steady. The market is influenced by expectations of increased imports from Sri Lanka. This suggests that the current softness in Black Pepper prices is likely to continue in the coming days.
🌱 Ginger: Stable Post-Rally, No Decline Feared
Ginger sales are soft following a recent rally, with prices remaining unchanged. The market sentiment is affected by news of delays in the new crop starting in Kerala, which may provide underlying support. Consequently, there is no fear of a significant price decline for Ginger in the immediate future.
🌱 Cumin: Strong Outlook Maintained
Cumin has seen an increase after a recent decline, registering a notable price jump. Arrivals in Unjha mandis are reported to be substantial, with prices also showing an upward trend. Despite minimal selling by stockists, active future contracts remain soft. The commodity is expected to maintain its strong position in the coming days.
🧡 Turmeric: Declining Amidst Weak Demand
Turmeric prices, including Erode Gatha and Salem Phuli varieties, have declined due to weak buying interest from both customers and stockists. This suggests a lack of immediate demand in the market, putting downward pressure on prices. The outlook remains soft as long as buyer activity is subdued.
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