Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
12 November 2026.
Black Pepper, Big Cardamom, Turmeric, and Cumin are experiencing strong upward price movements, while Almond Giri sees a decline due to weak demand in dry fruits.
Black Pepper Shines Bright! ✨
The black pepper market is showing robust strength, driven by significantly low daily arrivals and supply in key markets like Kochi. Farmers and local traders are actively holding onto their remaining stock, anticipating even higher prices, which further restricts market flow. Additionally, the weakening rupee against the dollar and escalating import costs are making foreign black pepper more expensive, ensuring continued bullishness and volatility in the market.
Big Cardamom Gains Momentum! 📈
Big cardamom prices have seen an upward surge, fueled by strong market demand and subdued selling activity from importers. This combination has created a bullish sentiment, with expectations for continued price strength. Market fundamentals suggest that current demand-supply dynamics will keep prices firm.
Turmeric’s Upward Swell! ⬆️
Turmeric prices have registered an increase, primarily due to weak selling pressure in the market. This limited availability from suppliers is a key factor sustaining the upward trend. The market is currently experiencing bullish momentum as demand outstrips the willingness of sellers to release stock.
Cumin Set to Soar Higher! 🚀
Cumin prices are exhibiting significant strength, bolstered by positive trends in the futures market and restricted arrivals in major mandis. Farmers and traders are strategically holding onto their stock, anticipating better profit margins as prices improve. Furthermore, the ongoing festive and wedding season, which commenced in October, is driving continuous demand and is expected to push cumin prices even higher in the near future.
Chilli Market Holds Firm! 🌶️
The red chilli market currently displays robust consumer demand, despite some price pressure from sluggish selling by general buyers in local and wholesale markets. Historically low stock from the previous season and limited new crop arrivals, coupled with reduced harvesting due to adverse weather, are prompting increased buying interest from spice companies and stockists. The overall market sentiment points to sustained strength.
Cloves Heating Up! 🔥
The clove market is experiencing strong upward momentum, driven by both continuous heavy imports from foreign markets and robust local demand. Despite a steady influx of international goods, domestic market stock remains surprisingly low. This confluence of factors indicates that wholesale clove prices are likely to continue their bullish trajectory.
Green Cardamom’s Bright Future! 💚
Small cardamom prices have seen a notable upward trend, primarily attributed to a significant reduction in planting (estimated 25-30%) due to early season rain scarcity and unfavorable weather conditions. Old stock from the previous season is depleted, and limited new crop arrivals are leading stockists and traders to place higher bids. The escalating demand from the festive season and the onset of winter are further fueling this bullish outlook.
Dry Ginger: A Profitable Outlook! 💰
Indian dry ginger is experiencing sustained international demand, while global availability is contracting due to reports of reduced production from major exporting nations like Nigeria. This dwindling supply has prompted large stockists and traders to increase buying at lower price levels. With the impending winter season and continuous demand from Ayurvedic food products, dry ginger prices are projected to rise further, presenting a profitable outlook.
Coriander: Demand-Driven Gains! 🌿
Coriander prices have registered a significant increase, primarily fueled by rising market demand. This strong consumer interest is a key factor supporting its upward price trajectory. The market exhibits a bullish sentiment, indicating that demand-side pressure is contributing to its current strength.
To get our Daily Spice report on your phone: