Dear Client,
Please find below the latest market intelligence for the Indian Spice sector as of
07 November 2026.
Rising demand and limited selling at lower levels have led to significant price increases across several key Kirana commodities, including Black Cardamom, Turmeric, Cumin, Coriander, and Carom Seeds. Dry fruits, however, maintain stability with moderate demand.
Nutmeg: Stability Prevails, Price Drop Unlikely 🛡️
Nutmeg prices recently saw an upward revision. While new supply from producing regions is consistent, adequate stock availability has prevented further sharp increases, contributing to overall market stability. Earlier, large traders and importers accumulated stocks at elevated levels and are now gradually releasing them for profit. The near-term outlook suggests continued firmness with no significant decline anticipated.
Turmeric: Bullish Momentum Expected to Deliver Profits! 🚀
Turmeric prices are currently experiencing a strong upward trend, driven by active futures trading and limited selling pressure. Market arrivals are significantly low, exacerbated by a consistent decline in old stocks over recent years. Large traders and stockists are deliberately holding back their produce, anticipating further price increases, which has intensified the supply shortage. The futures market also strongly indicates a sustained bullish trend.
Black Cardamom: Strong Demand Anticipated to Rise Further! 📈
After a period of softness, Black Cardamom prices are now showing considerable strength. Although new crop arrivals are continuous and old stocks are still present, domestic demand has surged significantly. This increase is primarily due to the upcoming festival season in November-December and the onset of winter. Masala companies, wholesalers, and local buyers are intensifying their procurement efforts, suggesting a robust future trend.
Cumin: Strong Rally Ahead as Weather Concerns Persist! ⚡
Cumin prices have witnessed a strong uptrend in the domestic market, largely influenced by activity in the futures trade. Market uncertainty is fueled by concerns over weather and temperature fluctuations in major producing states like Gujarat and Rajasthan, which are impacting the sowing for the upcoming Rabi season. Currently, arrivals in key markets remain limited, and despite improved prices, farmers and traders are holding onto their stocks in anticipation of even higher rates.
Coriander: Profitable Outlook, Supply Constraints Fueling Strength! ✨
Coriander prices are currently demonstrating significant strength. New crop arrivals in major markets like Rajasthan and Madhya Pradesh are reportedly below average, creating a shortage in the spot market. Stockists are also retaining their produce, further tightening the supply. Globally, limited Coriander availability is driving strong international demand for Indian Coriander, although high prices occasionally slow down export activity. The outlook for the coming days suggests continued strength and potential for profit.
Fenugreek: Stable Market with Bullish Future! 🌟
Despite current low stock levels, Fenugreek prices are stable. Continuous demand from the pharmaceutical industry and limited market stock are expected to maintain Fenugreek’s strength in the near future. Reports indicate that new crop arrivals in major producing states like Rajasthan and Madhya Pradesh are low. The prevailing market conditions point towards a bright and firm outlook for Fenugreek.
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