Spice Market Update: Coriander, Turmeric & Cardamom Remain Weak, Black Pepper & Red Chilli Hold Strong, Jeera May See Recovery

The spice market for the upcoming week (2nd to 8th September 2025) is showing mixed trends. While some spices are expected to remain strong, several major ones may stay weak or stable. Here's a detailed outlook for Coriander, Jeera, Black Pepper, Red Chilli, Turmeric, and Large Cardamom: 1. Coriander: No Signs of Recovery Current Situation: Last week, Coriander Badami prices fell by ₹200 per quintal, settling at ₹8,500/quintal. Futures also declined by ₹74 (0.94%) to ₹7,764. Rain disrupted auctions in Rajasthan mandis, affecting supply. Outlook: Stockists and speculators are showing weak buying interest. With subdued demand, there's no significant upside expected in the next 5 - 7 days. The spot market is likely to remain sluggish. 2. Black Pepper: Firm Trend Expected Current Situation: Black Pepper (Marakara) remained stable at ₹750/kg. Recently, prices had seen a minor rise of ₹20/kg. In Kochi, arrivals and prices remained unchanged. Outlook: Though stockist buying is slow, imports from Sri Lanka are delayed, limiting domestic supply. This is supporting a strong price trend, and the market is expected to remain firm. 3. Jeera (Cumin): Decline May Pause Current Situation: Jeera fell by ₹500 per quintal last week, closing at ₹20,700/quintal. Unjha saw 8,000 - 9,000 bags in arrivals, with prices holding steady. Futures gained ₹130 (0.68%) to reach ₹19,380. Outlook: Buying by speculators is increasing. Demand from China and other export markets may emerge. A pause in the decline or slight recovery is expected this week. 4. Large Cardamom: Weak Sentiment Current Situation: Large Cardamom (Canchi-cut) prices fell by ₹30/kg to ₹1,510/kg. Earlier, there was another ₹20/kg drop. The 28th August auction reported an average price between ₹1,250 - ₹1,725/kg. Outlook: Stockists are avoiding purchases due to the upcoming new crop. Market sentiment is weak, and no significant price rise is expected this week. 5. Red Chilli: Likely to Stay Strong Current Situation: 334 variety Red Chilli remained steady at ₹16,000/quintal. It had seen a ₹500 rise in the previous weeks. Guntur reported 45,000 - 50,000 bags in daily arrivals. Outlook: Strong export demand is supporting prices. Spot market is expected to stay firm or see a mild uptick. Prices likely to hold at higher levels due to market support. 6. Turmeric: No Signs of Strength Current Situation: Turmeric Erode Gatta fell by ₹200 to ₹13,100/quintal. Futures dropped ₹242 (1.82%) to ₹13,040. Erode mandi reported arrivals of 1,500 - 1,600 bags. Outlook: Weak demand and sluggish buying by speculators are weighing on the market. Both spot and futures markets may remain under pressure in the coming week. No signs of a recovery in the short term.

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