Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
14 November 2026.
Spices such as Cumin, Red Chilli, and Fennel have seen a notable price surge driven by increased demand, while dry fruits like Magajtarbooj and Almonds experienced a decline due to subdued market activity and increased imports.
Cumin: Skyrocketing Prices Amidst Supply Crunch! 🚀
Cumin prices are soaring, propelled by firmness in the futures market and robust domestic demand. Average quality cumin has seen a significant jump, reaching record highs. The market anticipates continued price escalation due to an estimated lower national production this season (70-72 lakh bags vs. 1.10 crore last year) and limited availability of quality stock from major producing regions like Gujarat and Rajasthan. The outlook remains strongly bullish.
Red Chilli: Firmness Prevails in Market 🔥
Red Chilli prices have maintained a firm stance in the market. This stability is largely attributed to weak selling pressure from stockists, indicating a reluctance to liquidate inventories at current levels. Despite this, specific long-term price drivers or detailed outlooks were not provided in depth, suggesting a steady state without immediate major upward or downward shifts expected.
Turmeric: Record Highs & Profitable Outlook! 📈
Turmeric prices have reached unprecedented highs in both spot and futures markets, driven by relentless strong demand. A critical shortage of stock in the pipeline means most inventory is concentrated with large traders and stockists. Active procurement by major turmeric powder manufacturers and sustained export inquiries from the Middle East, Bangladesh, and South-East Asia are providing significant market support. The commodity is expected to remain firm and continue its profitable trend.
Saffron: Kashmir’s Bountiful Harvest Boosts Outlook! 🌟
Kashmir’s saffron crop shows significant improvement this season, with an estimated 15% increase in yield compared to the previous year. This positive development brings relief to farmers who faced irregular weather conditions last year. Despite early-season challenges like moisture deficiency, timely light rains in September helped the crop recover. The improved production, coupled with enhanced farmer focus on quality, grading, and direct marketing, signals a very positive and sustainable future for Kashmir’s saffron trade.
Fennel: Demand-Driven Price Surge! 🌿
Fennel prices have experienced a notable increase, rising by ₹300 per quintal. This upward movement is primarily fueled by a general increase in market demand. While specific detailed reasons or a long-term outlook were not elaborated upon, the initial market trends indicate a positive sentiment for fennel due to sustained buying interest.
Nutmeg: Prices Unlikely to Dip, Strong Market Support! 🌰
Nutmeg prices have recently seen an upward revision and are unlikely to fall. High prices in major producing countries like Indonesia and Sri Lanka are redirecting international buyers to the Indian market. Continuous buying by exporters is providing robust support to prices. Domestic demand, anticipated to surge during the upcoming winter and wedding seasons, is also prompting traders and stockists to accumulate inventory.
Coriander: Steady Firmness with Profitable Future! 🌱
Coriander prices are exhibiting strong firmness, with expectations of continued profitability. Farmers and large stockists in key producing regions like Rajasthan, Madhya Pradesh, and Gujarat are withholding their stock, anticipating better prices. Old crop arrivals in Delhi markets are diminishing. Consistent domestic demand, coupled with buying for upcoming festivals and the wedding season, is providing strong market support. The outlook suggests ongoing stability and profit potential.
Large Cardamom: Winter Demand Fuels Upward Trend! 💚
Large Cardamom prices are showing firmness after a period of softness, with expectations of further increases. New crop arrivals are steady, while old stock continues to be available. A significant surge in domestic demand is observed due to the November-December festive season and the onset of winter. Spice companies, wholesale buyers, and local markets are actively purchasing, indicating a strong bullish trend driven by seasonal consumption.
Fenugreek: Bright Future on Strong Demand! ✨
Fenugreek prices, despite low existing stock, are holding stable with a bright future anticipated. Continuous demand from the pharmaceutical industry is a key driver. New crop arrivals in major producing states like Rajasthan and Madhya Pradesh are reported to be low, further contributing to the firm market sentiment. The outlook indicates that fenugreek will remain strong in the coming days.
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