Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
28 October 2026.
Demand-driven price surges observed in Turmeric and Cumin due to rising consumption, contrasted with a softening trend in Watermelon Seeds amidst stable other dry fruit segments.
Chilli: Fiery Gains Ahead! 🔥
Chilli prices recently saw a significant surge, followed by a slight stabilization at elevated levels. Market dynamics indicate lower old stock in cold storage and mandis, while continuous strong purchasing activity from North India and local spice companies persists. The outlook suggests the market will remain profitable in the coming days.
Cloves: Bullish Momentum Continues! 🚀
Clove prices are demonstrating sustained strength, propelled by recent increases. Significant import volumes from key producing nations like Madagascar and Indonesia are influencing the market. Production in these countries was considerably low last season due to adverse weather conditions, leading to tight global supplies and already high international prices. Further price increases are anticipated in the near future.
Green Cardamom: Stability After Surge, Caution Advised 🌿
Green Cardamom prices have stabilized following a recent upward trend, holding firm at previous high levels. Demand from local markets and domestic consumption centers is robust, driven by the onset of winter and upcoming festivals. While old stocks in mandis are nearly depleted, new crop arrivals are not substantial. Traders and stockists are actively engaged in buying and selling at current prices without anticipating significant drops, but long-term bullishness is not expected.
Black Pepper: Sustained Strength! 💪
Black Pepper prices are currently exhibiting strong upward momentum. Daily arrivals in major producing regions and mandis, such as Kochi and Karnataka, remain limited. Farmers and large stockists are holding onto their inventory, expecting higher prices. Domestic consumption and demand are escalating with the advent of Diwali and other festive seasons. Global supply remains tight due to weather impacts and production fluctuations in key producing countries, indicating potential for further price increases.
Dry Ginger: Profitable Outlook Continues! ✨
Indian Dry Ginger is experiencing continuous demand in international markets, contributing to recent price hikes. There is insufficient availability of raw ginger for processing (grinding and drying), which is impacting the overall stock of dry ginger. Global supply is weak due to reduced production in major countries like Nigeria. Domestic demand is projected to increase with the onset of the winter season and upcoming festivals, suggesting further price appreciation.
Cumin: Skyrocketing Prices Amid Tight Supply! 📈
Domestic spot market prices for Cumin have seen a tremendous surge, driven by critically low stock levels and strong bullish sentiment in the futures market. Daily arrivals in key mandis like Unjha and Rajasthan are significantly slow, leading to acute shortages. This year’s cumin production in India is estimated to be substantially lower than the previous year. Strong demand from the domestic spice industry for weddings and upcoming festivals is further fueling price increases, with expectations of continued upward movement.
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