Spices Market Outlook: Trends for the Coming Week

Coriander Coriander prices are expected to stay firm over the next 5�7 days. Despite the recent price rise, stockists continue active buying, pushing Badami coriander up by ₹300 last week to ₹8600 per quintal. Earlier, there was a ₹100 increase as well. Around 500�600 bags arrived in Baran (Rajasthan), with prices holding steady. Light speculative buying also lifted the active futures contract by ₹20 or 0.26% to ₹7660, indicating a positive sentiment in the spot market. Black Pepper No significant rise is expected in black pepper over the coming week. Stockist demand has been weak at higher prices, causing Marquara black pepper to gain only ₹5, settling at ₹710 per kg. In Kochi, arrivals remained unchanged, but prices dipped by ₹10, impacting market sentiment. Overall, the spot market is likely to stay stable or slightly weak. Cumin (Jeera) Cumin is likely to recover gradually over the next 5�7 days. Lower prices prompted light buying from stockists last week, pushing average cumin up by ₹200 to ₹21,700 per quintal. Before this, it had fallen by ₹100. Around 5,000�7,000 bags arrived in Unjha with prices remaining stable. Light speculative buying lifted the active futures by ₹60 or 0.31% to ₹19,625. A gradual improvement is expected in the spot market this week. 🔸 Large Cardamom � No Major Uptrend Likely Large cardamom is unlikely to see a major uptrend this week. Despite lower prices, stockist interest remained weak, and the Kancha-cut variety declined ₹10 to ₹1540 per kg. Earlier, it had seen a drop of ₹30�40. In the most recent auction on June 12, the average prices ranged from ₹1250 to ₹1812.50. With the new harvest just over a month away, market sentiment is expected to stay cautious. Red Chilli Red chilli is expected to remain strong in the coming week. Robust stockist buying at lower levels helped 334-grade red chilli jump ₹1000 last week to ₹15,000 per quintal, after previously dipping ₹500. Around 50,000�55,000 bags arrived in Guntur, with prices stable. Relatively low arrivals are supporting a bullish sentiment in the market. Turmeric No major price increase is expected in turmeric over the next week. Even at lower levels, stockist buying has remained weak, causing Erode Gatta turmeric to decline by ₹100 to ₹13,500 per quintal. Before this, there had been a ₹200 rise. Around 1800 bags arrived in Erode, with prices unchanged. Weak futures activity dragged active contracts down by ₹80 or 0.60%, closing at ₹13,272. The spot market is likely to remain under pressure. Coriander, red chilli, and cumin are expected to remain strong, while black pepper, large cardamom, and turmeric may not see significant price increases in the coming week. Traders are advised to stay cautious with their buying and stocking strategies.

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