Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
12 October 2026.
Coriander, Turmeric, and Cumin demonstrate strong upward price momentum, while Almond Giri shows a softening trend.
🔥 Red Chilli: Strong Prices Set to Continue!
Red Chilli prices, after a recent surge and slight correction, are now stabilizing at elevated levels. This strength is primarily due to historically low remaining stock from the previous season in major growing regions like Andhra Pradesh and Telangana, coupled with a reduced overall harvest this year. Although local and wholesale markets show tempered buying, underlying demand from masala companies and stockists provides crucial support. The outlook suggests prices will maintain their current robust trajectory.
📈 Turmeric on a Bullish Path, Profits Expected!
Turmeric prices are currently experiencing a continuous upward trend, with key varieties like Erode Gatha showing a sharp rebound. This bullish momentum is fueled by limited new crop arrivals and a scarcity of quality old stock in major markets such as Sangli and Nizamabad. Strong export demand from countries like China, Bangladesh, and Turkey further bolsters Indian market prices. Traders and stockists are actively holding supplies, anticipating further gains, pointing towards continued growth in the near future.
✨ Coriander Market Strong, Profitable Outlook!
Coriander prices are currently demonstrating significant strength, driven by a surge in demand and limited supply. New crop arrivals in major producing states like Rajasthan and Madhya Pradesh are below average, leading to scarcity in spot markets. Stockists are also holding back goods, further tightening supply. Despite occasional slowdowns due to high prices, strong international demand for Indian coriander on the global stage continues to provide robust support, indicating a profitable outlook in the coming days.
🌶️ Black Pepper Prices Firm, Anticipate Continued Strength!
Black Pepper prices, following a period of stability, are now showcasing renewed strength. Supply in major markets like Kochi remains limited as farmers and local traders withhold their stocks, anticipating higher returns. Increased import costs for foreign black pepper, exacerbated by the weak Rupee, channel demand towards domestic supplies. This confluence of factors is providing significant support, with prices expected to maintain their firm stance.
🚀 Cumin Futures Ignite Spot Market Rally!
Cumin prices in the domestic spot market are rallying, primarily propelled by strong activity in futures trading. This upward trend is further amplified by mixed weather forecasts for the upcoming Rabi sowing season in Gujarat and Rajasthan, creating uncertainty among market participants. Current arrivals in key markets, including Unjha, are limited as both farmers and traders are holding onto their stocks, driven by expectations of even higher prices. Robust domestic demand from masala manufacturers and processors, ignited by the festive and wedding seasons, reinforces the bullish outlook.
🌿 Big Cardamom Steady Amid Supply Delays, Demand Boost!
After a recent dip, the Big Cardamom market has regained strength, supported by increasing domestic demand for festivals and winter. While new crop is arriving, significant import delays from Nepal, a major supplier, are creating immediate availability challenges in Indian markets. Despite expectations of a good harvest, the backlog in arrivals coupled with stockists holding inventory for higher profits is pushing prices upward. Long-term cultivation in India continues to face challenges from disease and climate change, but for now, prices are not expected to decline.
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