Indian Spices Future Is Strong and Stable A weekly Update on Cumin, Coriander, Turmeric, Fenugreek and Black Pepper

Cumin Seeds Future – Strong and Stable 

• Due to the March-end, most of the markets of Gujarat have been closed due to holidays since last Thursday.
• The arrival of new cumin has increased in the market of Rajasthan and Gujarat since last week. 
• Looking at the weak condition of the crop, all the goods that come into the markets are sold.
• According to the traders, the cumin market is expected to remain stable for this week. 
• Domestic and Overseas Buyers would prefer to buy cumin at every price update.
• Cumin’s future in the spot and futures market is strong and positive. 
• The Cumin A Grade 99% Pure prices were recorded at $2,84 per kg FOB.

Coriander Seeds will Remain Strong & Bullish this Year. 

• Last week, the market of coriander remained strong. 
• The stockists had good demand for fine quality goods; the rest of the demand remained normal last week.
• Due to the financial year-end, most of Gujarat’s markets are inactive since last Thursday and are supposed to remain the same till next week.
• The arrival of new quality coriander seeds has increased everywhere in the market of Rajasthan and Madhya Pradesh.
• The quality of the new crop is getting better now. Most of the goods coming into the markets are being sold on a day-to-day basis. 
• According to the traders, coriander has no bearish trend as of now. Like cumin seeds, traders state that coriander should be bought on every correction.
• Coriander’s future will be promising this year. The market trend in coriander is bullish for the long term.
• The Coriander Eagle 5% Split prices were Recorded at $1,49 per kg FOB.

Turmeric may not go on a Bullish Trend

• For Turmeric, all the domestic markets remained stable last week.
• The arrival of new goods is increasing in the market of Maharashtra.
• Demand for turmeric is average in all the domestic and international markets. 
• Some correction can be witnessed in the markets as arrivals increase.
• As per the sources, at present, turmeric is not showing bullish condition, buyers and stockists prefer to wait or trade with limitations now.
• The Turmeric Finger (Salem, Double Polished) prices were Recorded at $1,22 per kg FOB.

Fenugreek Seeds – Improved Quality and Bearish Trend 

• Markets remained silent everywhere the previous week for Fenugreek Seeds.
• The arrival of new fenugreek has started increasing in Gujarat and Madhya Pradesh markets.
• The quality of fenugreek seeds coming into the markets is of average quality.
• In the future, the quality of fenugreek will improve.
• The arrival of new fenugreek in Rajasthan will start in the first week of April.
• The condition of the new fenugreek crop is good.
• As of now, the trend in fenugreek is bearish.
• Experts advise buying limited quantities of Fenugreek seeds as per current requirements. 
• The Fenugreek Sortex prices were Recorded at $0,95 per kg FOB.

Black pepper at its lowest five years 

• Black pepper prices have been moving in a limited range for some time.
• Demand is weak at higher prices.
• On the other hand, selling stops as soon as the market decreases, due to which the market improved a little.
• Harvesting of the Pepper crop has started, but there is a delay in the new crop, and pressure will build up only in April.
• Recent harvests are also delayed in Vietnam, and arrivals will start only next month.
• Stockists are waiting for new purchases in anticipation of a new crop.
• According to the traders, the market of Black Pepper will move in a limited range for now, till the pressure of the new crop does not come; better to wait and watch. 
• This year Black Pepper crop is at its lowest level in the last five years. Black Pepper’s future looks bright.
• The Black pepper prices were Recorded at $7,70 per kg FOB.

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