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Spice Market Briefing

▶️WATCH: Cumin and Red Chilli are showing significant resilience; monitor if high arrivals eventually pressure the current strong sentiment.
▶️CAUTION: Geopolitical tensions in the Middle East are directly dampening the trade volume and sentiment for Black Pepper and Small Cardamom.
▶️HOLD: Dry Ginger is entering a seasonally weak period; wait for temperatures to stabilize before expecting a trend reversal.
▶️BUY: Cloves may offer a stable entry point as the weak Rupee provides a floor against price drops by increasing replacement costs.
▶️WATCH: Fenugreek's strong export performance indicates a healthy global pipeline which could support domestic prices in the long run.

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