Prices for most of the spice all over globe have been firm with upward trend and we are pleased to present our view points on a few commodities hereunder.

Cassia: There have been lower arrivals of Cassia in China due to less crop size this year and the exporters are hesitant to sell predicting further upward movement in prices which has been the case in the last two months. Cassia Whole was being traded around levels of USD 1500 PMT on CNF basis which has moved up to about USD 1830 levels in the last 2/3 months, similarly prices for cassia tube have also increased by around USD 250 – 300 PMT with not many suppliers offering in this week. Further uptrend is expected in this commodity.

Star Aniseed: Prices have been stable around the levels of USD 2050 PMT for Ghanzi Quality and USD 3700 PMT for Autumn Crop on FOB basis.

Dry Ginger: This has also been a hot commodity this year with price moving up too much due to demand from all consuming countries, Nigerian Dry ginger slice was heavily traded this year due to availability and lower prices compared to other origin. Chinese dry Ginger good quality was being offered around the levels of USD 3750 PMT, Indian Prices for dry Ginger were much higher by around levels of USD 4800 PMT then other origins.

Cumin: India has Good crop this year so there were some possibility of price to ease down but due to political tension in Syria and Turkey which now has limited export possibilities and low crop size, Indian cumin seeds is in demand and thus expecting prices to remain firm around the same levels for Singapore quality 99% indicated at USD 1890 PMT on FOB basis.

Coriander: Since Dubai GULF FOODS prices for coriander have been quite volatile. Eagle quality was offered around USD 1550 PMT on FOB basis during end of last month and in this week it was being offered around USD 1850 PMT. There is less crop size this year with GUJARAT almost everything is exported and only possibility of cargo available is from MP which is in the central part of INDIA. Iran is expecting a good crop this year but due to economic sanctions by the USA business will be limited with Iran. Adding fuel to the fire delayed monsoon is also a factor for prices to maintain an upward trend.

Chilly: Chilli which is also produced in two region in India MP & AP. But crop this year was not too good with MP having negligible crop and Guntur (AP) only available and thus increase in price.  FOB Rate of Stem less Chilli was being offered around levels of USD $ 1770 PMT.

Turmeric: Delayed monsoon in India has disturbed the sentiments of almost all the commodities and Turmeric is no exception. The rates had eased as June is the month of slack period as far as demand is concerned but now with no rains in the producing centres the traders/stockiest have started fresh purchases. If the dry spell continues for another couple of weeks, the rates may see a surge. Stock scenario is satisfactory but the monsoon is key factor now. Turmeric Fingers FAQ being was being offered around levels of USD $ 1020 on FOB basis.

Price Indications

Note: All prices mentioned are in US Dollar on FOB Basis PMT and Indicative Market Price Idea Subject to our re-confirmation