<\/p>\n
\n Dear Client,<\/p>\n
Please find below the latest market updates for the Indian Spice sector as of
\n 10 April 2026.<\/p>\n
Sluggish retail demand has dragged down prices for Large Cardamom and Poppy Seeds, while Turmeric also experienced a notable downward correction due to weak purchasing support.<\/strong>\n <\/p>\n <\/p>\n Arrivals of Red Chilli in the major Guntur market of Andhra Pradesh peaked near record levels before tapering slightly, while export buying remains highly active. Total national production is estimated to drop by 25% to 30% this season due to lower acreage and adverse weather conditions. Supported by strong export statistics showing an 18% volume increase, prices are expected to maintain their firm tone in the coming days.<\/p>\n<\/p><\/div>\n A combination of reduced sowing by farmers in Madhya Pradesh and Rajasthan and unfavorable weather has led to an estimated 23% to 24% drop in fenugreek production. With carryover stocks at an all-time low across key consumption centers and active purchasing starting from Ayurvedic product manufacturers, market sentiments are exceptionally strong. Traders and stockists can anticipate robust profitability over the course of the year.<\/p>\n<\/p><\/div>\n Unjha mandi witnessed a significant increase in daily cumin arrivals, putting immediate pressure on spot market sentiments. A decline in speculative interest in the futures segment has further dampened paper rates. While current physical prices are holding relatively steady, a slight downward correction is highly anticipated in the near term.<\/p>\n<\/p><\/div>\n Following a recent spell of price gains, spot sales for Black Pepper have slowed down as buyers adopt a wait-and-watch approach. Arrivals and prices in Kochi remain stable, with trading activities heavily influenced by global geopolitical developments. The overall near-term outlook remains firm with little room for any significant price decline.<\/p>\n<\/p><\/div>\n Although spot demand has softened slightly following recent price increases, downside risks remain virtually non-existent. International supply of cloves continues to be tight, and a depreciating Indian Rupee is expected to raise import parity costs. Consequently, the market sentiment remains firm, with no expectation of price drops in the coming days.<\/p>\n<\/p><\/div>\n Demand for Small Cardamom remains relatively slow as stockists limit their physical purchases even at lower price levels. However, despite higher arrivals in recent pool auctions, the average auction prices rebounded strongly, showing a robust trend. This positive auction performance is expected to shield the spot market from any immediate bearish threats.<\/p>\n<\/p><\/div>\n Turmeric prices have registered a downward movement due to weak consumer demand and quiet trading across regional markets. Varieties such as Erode bulbs and Salem double polished have experienced soft trading sentiment due to this lack of purchasing momentum. The market is expected to remain cautious until domestic or export demand shows signs of revival.<\/p>\n<\/p><\/div>\n With the impact of Western Disturbances fading and summer temperatures rising, consumption patterns for Dry Ginger are shifting. Prices have remained steady and unchanged, matching flat sentiments and stable arrivals reported in Kochi. Market analysts do not foresee any major upward movement in the immediate near term.<\/p>\n<\/p><\/div>\n <\/p>\n🌶️ Red Chilli Market Holds Strong Despite Massive Guntur Arrivals<\/h3>\n
🌱 Fenugreek Outlook Highly Bullish on Lower Sowing and Tight Carryover<\/h3>\n
🌾 Cumin Braces for Minor Correction as Unjha Arrivals Surge<\/h3>\n
⚫ Black Pepper Remains Firm Under Slow Trading Activity<\/h3>\n
🍂 Cloves Maintain Firm Footing on Tight Global Supplies<\/h3>\n
🟢 Small Cardamom Stable as Strong Auction Average Supports Sentiments<\/h3>\n
🟡 Turmeric Faces Sluggish Trend on Subdued Buying Support<\/h3>\n
💨 Dry Ginger Stable as Summer Onset Caps Immediate Upside<\/h3>\n
🔑 Key Takeaways
\n for Buyers<\/h3>\n\n