IPC MARKET RPORT No. 37/19, 9 September - 13 September 2019

LOCAL MARKETS
Market this week showed mixed response.
In local market, Malabar black pepper was reported with an increase by 1% as compared to the previous week averaging at USD 4,604 per Mt.
Indonesia black pepper was reported with a 1% deficit as compared to previous week with an average at USD 1,923 per Mt, In local currency, Indonesia black pepper was traded with an average of IDR 27,000 per Kg decreasing marginally by IDR 500 per Kg. Whilst, Muntok white pepper was reported with an increase by 1% as compared to the previous week averaging at USD 3,419 per Mt.
Malaysian black and white pepper were reported stable averaging at USD 2,062 per Mt and USD 3,604 per Mt respectively.
Viet Nam black pepper was reported with a decrease by 1% as compared to last week, averaging at USD 1,829 per Mt. Whilst, Viet Nam white pepper was reported stable with an average of USD 2,839 per Mt.
Furthermore, Sri Lanka black pepper was reported with a 2% deficit as opposed to the previous week with an average of U SD 2,407 per Mt.
China white pepper was reported stable and unchanged.

INTERNATIONAL MARKETS
In international market, FOB price of India black pepper was reported with the same 1% increase as compared to the previous week at an average of USD 4,884 per Mt.
Indonesia black pepper was reported with a 1% deficit as compared to the previous week averaging at USD 2,364 per Mt. Whilst, Indonesia white pepper was reported with an increase by 1% as compared to the previous week with an average of USD 4,044 per Mt.
Malaysia black and white pepper continued stable and unchanged. Furthermore,
Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a decrease by 2%, 1% and 1% respectively as opposed to the previous week averaging at USD 2,226 per Mt, USD 2,291 per Mt and USD 3,376 per Mt respectively.
China traded its white pepper stable in the international level with an average of USD 4,975 per Mt.

 

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Brazilian Cloves Crop & Market

New Cloves crop in Bahia is a step away of start harvesting

Prices are high at the moment for what is left from the last season - around R$ 24.00 per kilo small lots and weak quality sold to local consumption. If processed for export a loss of 30% should be considered for cleaning, selecting and packing.
In dolar terms it corresponds today to U$ 6.00/kg. (1U$ = 4R$)

Regarding international trade Brazilian cloves ever follows the price trend of MZC origin with some discount depending on the volumes offered and demanded.

The 2019/2020 crop forecast is estimated at a maximum of 5 thousand tons and if realized will be an average crop. Must be considered that some 700 to 800 tons are sold to the local consumption

The maximum harvested in Brazil was in 2013 and reached 9 thousand tons.

ORION FEITOSA

IPC Market Report No. 36/19, 2 September - 6 September 2019

LOCAL MARKETS
Market this week showed mixed response with a rather negative outlook as only black pepper Indonesia reported an increase.
In local market, Malabar black pepper was traded with a 1% deficit as compared to the previous week with an average of USD 4,581 per Mt.
Indonesia black pepper was reported with a 2% increase as compared to previous week with an average at USD 1,939 per Mt, the increase of black pepper price in Indonesia could be contributed by strengthening of Indonesian Rupiah against the US Dollar.
Whilst, Muntok white pepper was traded with a 1% deficit as compared to the previous week with an average of USD 3,384 per Mt. In local currency, Muntok white pepper was traded with an average of IDR 48,000 per Kg decreasing marginally by IDR 500 per Kg.
Malaysian black and white pepper were reported with the same 2% deficit as opposed to the previous week averaging at USD 2,060 per Mt and USD 3,609 per Mt respectively as the price in local currency dropped to an average of MYR 8.6 per Kg and MYR 15.1 per Kg respectively.
Viet Nam black pepper was also reported with a decrease by 1% as compared to last week, averaging at USD 1,845 per Mt. Whilst, Viet Nam white pepper was reported stable with an average of USD 2,838 per Mt.
Furthermore, Sri Lanka black pepper and China white pepper were reported stable with an average of USD 2,451 per Mt and USD 4,775 per Mt respectively.

INTERNATIONAL MARKET
In international market, FOB price of India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,858 per Mt.
Indonesia black pepper was reported with an increase by 2% as compared to the previous week averaging at USD 2,380 per Mt. Whilst, Indonesia white pepper was reported stable with an average of USD 4,003 per Mt.
Malaysia black and white pepper continued stable and unchanged.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable with an average of USD 2,260 per Mt, USD 2,325 per Mt and USD 3,410 per Mt respectively. China also recorded a stable international trade for its white pepper with an average of USD 4,975 per Mt.

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Spice purveyor Schiff acquires Golombeck in expansion move

By Emily Bader
Totowa | Sep 5, 2019 at 5:00 am


Schiff Foods, a Totowa-based purveyor of whole spices, ground spices and seasonings, announced Wednesday it has acquired Morris J. Golombeck, a Brooklyn-based importer and exporter of high-quality spices and herbs.

Schiff, which was founded in 1949 selling food condiments in Brooklyn, moved to Totowa in 1998 to expand its business to include seeds, herbs, dehydrated vegetables, onion and garlic, seasoning blends, and more. It currently has a 300,000-square-foot warehouse with 30,000 square feet of cold storage dedicated to delicate spices and 15,000 square feet for production.

The combined companies will increase Schiff’s capacity, flexibility and technology, it said.

“The shared values and common goals of Schiff and Golombeck makes this alliance a formidable entity that will anchor our position as a major source for quality spices,” a spokesperson for Schiff Foods said. “The Golombeck team will continue to be an integral part of the Schiff management team, assuring customers that they will continue to enjoy the same personal relationships they have come to expect from an industry leader.”

The main warehouse in Totowa will be expanded and upgraded further to streamline production and distribution, the spokesperson said.

Financial terms were not disclosed.

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Cassia - Vietnam Market

Below is the average price fluctuation of cigarette cassia on market compiled from main cassia factories in Vietnam from 22-Dec-2016 to present.
The low price peaks on chart are that there were factories with surplus goods offered price lower than market at that time.
This Autumn-2019 cassia crop has come but farmers have exploited little because the output rate from fresh to dry is lower than normal, so it is expected that price of cigarette cassia will remain high until the new crop in March 2020.

Mr Vo – TPH

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Hand Picked Cloves 2019 crop

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Dehydrated Green Peppercorns

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SRI LANKA - Spices industry affected by falling prices

 The biggest problem faced by the spices industry is the present declining prices, lamented Rumesh Jayasuriya, Chairman, Spices and Allied Products Producers and Traders Association (SPPTA), speaking at the 35th AGM of the SPPTA held at Ramada Hotel Colombo, last week.

By Quintus Perera
27 August 2019

The biggest problem faced by the spices industry is the present declining prices, lamented Rumesh Jayasuriya, Chairman, Spices and Allied Products Producers and Traders Association (SPPTA), speaking at the 35th AGM of the SPPTA held at Ramada Hotel Colombo, last week.

He pointed out that the industry has to improve unrestrained innovation and show continuous improvements among growers, plantations, processors, brokers, exporters, etc and noted that the international market has been transformed into a borderless technology-driven market place.

He indicated that the consumers world over are knowledgeable and discerning as they wanted experiences and products that reflect their fast-paced lifestyles and convenience. 

On the sidelines of the event, Mr. Jayasuriya told the Business Times that the decrease in the pepper prices could be identified as the main reason for the downfall of spices prices as the Indian Government has imposed a minimum import price (MIP) for black pepper.  That is Indian Rs. 500 (Rs.1,250) per kg exported to India.

The imposition of this MIP, he said has made it technically difficult now to export black pepper to India and asserted that earlier these exports were not subject to a MIP in India. He said that the industry is rather concerned of this new development and blamed the government for not negotiating with the Indian Government for its removal.

He said that the delay in the certificate by ISFTA (Into-Sri Lanka Free Trade Agreement) and the SFTA (South Asian Free Trade Agreement) to certain spices such as nutmeg and pepper is also another constraint.

The high cost of production is also another issue where they find difficulties in competing in the international market, as he said that the cost of production is very low in other exporting countries.

He said that there is another danger emerging – that is the illegal importation of spices as there were several occasions of such imports being detected.  He was worried that there is no proper legal mechanism to stop illegal import of spices and no proper legal action has been taken to punish those wrongdoers. 

More than 70 per cent of spice exports are to Asian and West Asian destinations while the balance goes to Europe and North America, he said.

Dr. A.P. Heenkende, Director General, Department of Export Agriculture, in his keynote address said that despite challenges, spice and allied products is a major contributor in exports.

It was 48,331 metric tonnes (Mt) in 2018 compared to 59,000 Mt in 2017 with the drop attributed to the decline in the export of cloves and Areca nuts. Cinnamon exports grew from around 2016. 

He said that US was the main buyer of Cinnamon leaf and bark oils, Citronella oil, Ginger oil and Lemon grass oil in 2018. France, Canada, India, Spain and Germany were the main buyers of Cardamom oil, Clove oil, Nutmeg oil, Pepper oil and Vanilla oil in 2018.

The average annual farm-gate price of Coffee, Clove, Cinnamon quills, Mace, Cardamom and Betel had increased in 2018 while betel exports registered a high price in 2018, he indicated.

He cautioned that Sri Lanka has to rethink on how to find a long term solution for this major problem in the spice sector and said that the government has taken policy decisions regarding the complete ban on imports of Cinnamon, black pepper, Nutmeg, Turmeric and Areca nut.

Ghulam Chatoor, Founder Chairman, SAPPTA, was the guest of honour at the occasion.

http://www.sundaytimes.lk/article/1100123/spices-industry-affected-by-falling-prices




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Kerala farmers back to cardamom cultivation as the price hits a record high

Published: 26th August 2019 



Kerala’s reputation as the land of spices goes back at least 3,000 years. Here, Express delves into the aromatic world of spices with a special focus on Kerala.
By Express News Service

Cardamom, called the queen of spices, proved worthy of its title when it fetched a record price in the market this year and brought good tidings to Kerala farmers who are otherwise affected by the vagaries of the weather.

With the price hitting Rs 6,000/kg, cardamom growing areas saw people buying acres of farms and those who had turned to other crops returning to cultivate the green gold. Kerala’s reputation as the land of spices goes back at least 3,000 years. Here, Express delves into the aromatic world of spices with a special focus on Kerala.

SPICE GARDEN OF INDIA

Kerala is known as the spice garden of  India. It is the largest producer of small cardamom. It is also famous for black pepper, clove, ginger, cinnamon and Malabar tamarind
Though farmers with small holdings do cultivate spices, most of the produce comes from large plantations
Traders from ancient Phoenicia made tours to Kerala to carry back spices to Mediterranean lands. Pepper, cardamom, cinnamon, ginger, cloves and more -- the spices were used to add flavour to food and wine and preserve meat during winters
Apart from traditionally grown spices, Kerala farmers have taken to growing spices such as vanilla, oregano, rosemary, thyme, basil, mint, bay leaf and sage.

YIELD: WHY THE DROP 

In the case of pepper, ginger, turmeric, nutmeg and cardamom, there has been a decrease in productivity in the state due to adverse weather conditions like long dry spells and short periods of intense rainfall
    For cardamom, tropical, hot and humid climates are suitable. Ideal humidity level is 75%. For the past few years, Kerala has been receiving only 40% of its share of summer rainfall.
A deficit of 60% seriously affected the yield
    The long dry spell, at a time when spiking and pollination need to happen, followed by heavy rain led to a drop in yield of both pepper and nutmeg. Flooding spelt doom for nutmeg plantations in major production centres like Ernakulam
In the case of ginger, the huge disparity in market price and the cost of production saw many farmers ditching the crop. Ginger farmers from Kerala have shifted to Karnataka’s Western Ghats districts and Malenadu region. Ginger crop is disease-prone.


PRICE: WHY THE RISE

The sudden spurt in cardamom prices has been due to the fall in production, says Dr Muthuswamy Murugan, professor and HoD, Cardamom Research Station at Pampadumpara in Idukki. “Due to adverse weather conditions, the production has fallen by 25% to 35%.”
Production of green cardamom has fallen from 25,000 tonnes to 10,000 to 12,000 tonnes in the past few years.
The average price of cardamom reached Rs 4,000 this season and it presently commands a price of Rs 2,900 to Rs 3,000 per kg.
In the case of nutmeg and pepper, the price is holding steady though there is competition from imports.

EXPORTS: REASONS TO WORRY

India has a 45% share in the global market for spices, but concerns over adulteration and excess pesticide use are posing a threat
Several countries have already raised complaints  – want India to ensure quality or lose business.
According to Dr Muthuswamy Murugan, the export of spices, especially cardamom, will not see a surge in the future due to the huge amount of pesticides being used by farmers.
According to Jojo George, MD, KCPMC Agrisolutions, the low exports have not hit spice traders. “The domestic market is robust and the huge demand in the country for small cardamom has kept the trade on an upward swing.”


Indian spices have been able to record huge gains in volume and value. Spice exports have recorded substantial growth in the past five years. During 2017-18, a total of 10,28,060 tonnes of spices and spice products valued at Rs 17,929.55 crore were exported from the country as against 9,47,790 tonnes valued at around Rs 17,600 crore during 2016-17 _ thus registering an 8% increase in volume.

Export figures of major spices in 2017-18

    16,840 tonnes Pepper
    5,680 tonnes Cardamom(small)
    22,605 tonnes Ginger
    1,07,300 tonnes Turmeric
    5,500 tonnesNutmeg and mace

http://www.newindianexpress.com/states/kerala/2019/aug/26/kerala-farmers-back-to-cardamom-cultivation-as-the-price-hits-a-record-high-2024295.html


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IPC MKT REPORT 34/19, 19 August - 23 August 2019

Local Market

Market this week showed mixed response with a rather stable outlook as only Malaysia recorded deficit. In local market, Malabar black pepper was reported stable with an average of USD 4,692 per Mt. Indonesia black pepper was also reported steady with an average of USD 1,896 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% as compared with the previous week, averaging at USD 3,406 per Mt. In local currency, Muntok white pepper was traded with an average of IDR 48,500 per Kg increasing marginally by IDR 500 per Kg. This week, Malaysian black and white pepper was reported with a decrease by 3% and 1% respectively as opposed to the previous week averaging at USD 2,267 per Mt for black pepper and USD 3,840 per Mt for white pepper.
Viet Nam black and white pepper were reported stable and unchanged.
Sri Lanka black pepper reported with an increase by 1% as compared to the previous week averaging at USD 2,509 per Mt while China white pepper was reported stable with an average of USD 4,795 per Mt.

International Market
In international market, FOB price of India black pepper was reported steady with an average of USD 4,971 per Mt.
Indonesia black pepper was reported stable and unchanged. Whilst, Indonesia white pepper was traded with 1% increase as compared to the previous week with an average of USD 4,026 per Mt. Contrary to the farm gate price, Malaysia FOB prices for black and white pepper continued stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable averaging at USD 2,270 per Mt, USD 2,335 per Mt and USD 3,420 per Mt respectively.
China white pepper was also reported stable and unchanged averaging at USD 4,995 per Mt.

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IPC MARKET REPORT 33/19, 12 August - 16 August 2019

Local Market
Market this week showed mixed response with a rather negative outlook.
In local market, Malabar black pepper was traded with 2% deficit as compared to the previous week with an average of USD 4,679 per Mt.
Indonesia black pepper was reported steady with an average of USD 1,894 per Mt. Following the arrival of new crop, Indonesia white pepper was reported with a slight 1% deficit as opposed to the previous week averaging at USD 3,366 per Mt. In local currency, Muntok white pepper was traded with an average of IDR 48,000 per Kg
Malaysian black and white pepper were reported stable with an average of USD 2,340 per Mt for black pepper and USD 3,860 per Mt for white pepper.
Viet Nam black and white pepper were also reported stable and unchanged.
Following the end of harverst season both in Sri Lanka and China, Sri Lanka black pepper and China white pepper were traded with the same 2% deficit as compared with the previous week with an average of USD 2,493 per Mt and USD 4,790 per Mt respec tively.

International market
In international market, FOB price of India black pepper was reported with the same 2% deficit as compared to the previous week at an average of USD 4,960 per Mt.
Indonesia black pepper was reported stable and unchanged. Whilst Indonesia white pepper was traded with 1% deficit as compared to the previous week with an average of USD 3,982 per Mt.
Malaysia black and white pepper continued stable and unchanged.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with an increase by 1% as compared to the previous week averaging at USD 2,265 per Mt, USD 2,330 per Mt and USD 3,415 per Mt respectively.
China white pepper was traded internationally with 2% deficit as opposed to the previous week at an average of USD 4,990 per Mt. The decrease in price of China white pepper aside from the effect of harvest season, it was also contributed by the slight weakening of Chinese Yuan against US Dollar.



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India Spices: Wednesday, Aug 14

By Preeti Bhagat

NEW DELHI – Futures contracts of all spices on domestic exchanges, barring mentha oil and jeera, ended lower today.

Coriander futures on National Commodity and Derivatives Exchange hit a 10-week low of 5,810 rupees per 100 kg because of imports from Ukraine, Russia and Bulgaria, said Kamal Vijayvargia, a Kota-based dealer.
"Weather is very favourable right now for next season's sowing, which is a negative factor for prices… Imports have also risen a lot and are coming into India at $650 per tn," he said.

Contracts of jeera ended higher as investors covered their short positions after prices hit an over four-month low of 16,810 rupees per 100 kg in early trade today.
The rise in prices today was also because arrivals in Gujarat's Unjha market fell by 4,000 bags (1 bag = 55 kg) to 6,000 bags, said Mahesh Yadav, a local dealer.

Turmeric futures ended in the red because of profit booking after prices hit a three-week high of 7,198 rupees a 100 kg on Tuesday.

Futures contracts of mentha oil on Multi Commodity Exchange hit a two-month high of 1,324 rupees per kg due to strong demand from domestic stockists and pharmaceutical companies, said Rajiv Gupta, a Sambhal-based spice oil trader.

Cardamom futures hit the 4% maximum lower circuit today as heavy rainfall in Kerala is likely to help plantations with better fruit formation and growth, traders said.

Heavy-to-very heavy rainfall is likely over Kerala during the next 48 hours due to a cyclonic circulation over northwest Arabian Sea, India Meteorological Department said. It also issued a 'red alert' for the state today.

On Indian Commodity Exchange, the August pepper contract traded lower following reports that the Sri Lankan government is likely to hold talks with India for relaxing the minimum import price of the spice.
Currently, Sri Lankan exports up to 2,500 tn of pepper to India at zero duty under the Indo-Sri Lankan Free Trade Agreement. Exports over and above this quantity are subject to 8% duty under the South Asia Free Trade Agreement.


This copy was first published on the Cogencis WorkStation
© Cogencis Information Services Ltd. 2019. All rights reserved.



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VIETNAM - PEPPER MARKET UPDATE 15TH AUG

 






According to Customs and Vietnam Pepper Association, Vietnam's pepper export in July reached 23,461 tons with turnover reached 57.6 million. Compared with June, exports decreased by 26.1% in volume and 25% in value.

In the first 7 months of 2019, Vietnam has exported 203,737 tons with turnover 520.9 million USD. Compared to the same period in 2018, export volume increased by 37.5%, turnover decreased by 0.08%.

The average export price of black pepper in the first 7 months of 2019 reached 2,501 USD/ton, white pepper reached 3,041 USD/tons. Compared to the same period of 2018, the export price of black pepper was only 77.6% and the price of white pepper was only 62.5%.

There were 109 countries importing Vietnam pepper. China is biggest of Vietnam pepper market with imported in the first 7 months of 2019 reached 51,741 tons, roughly 25.4% of total Vietnam pepper export. Other markets in Asia also increased such as: India increased by 2,333 tons, Nepal increased by 2,103 tons, Iran increased by 1,565 tons, Thailand with an increase of 1,143 tons, the United Arab increased by 880 tons…

Europe become the second largest pepper importer with total import of 38,373 tons, around 18.8%. In which Ireland increased the most by 2,757 tons, Germany increased by 2,633 tons, Turkey increased by 1,393 tons, the Netherlands increased by 1,287 tons…

USA was the third largest import market of Vietnam Pepper with 30,397 tons, equivalent 14.9%.

Pepper market opening today firmer and less offer raw material. Chines has been buying few quantity for white pepper beside good demand from Russia/Ukraine. USA/EU/Nepal/India almost quite at our side.

Some exporters covering short position Sept/Oct that sold out before to avoid market up when EU/Middle East back after long holiday. We still recommend should consider to cover stock position for Sept/Oct/ shipment.

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Sri Lanka’s move to ease exports to India worries pepper industry

Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement.
By PK Krishnakumar  ET Bureau|Aug 13, 2019

Kochi: India’s pepper industry took exception to the reported move by the Sri Lankan government to hold talks with the Indian ministry for relaxing the minimum import price (MIP) fixed for black pepper to protect the domestic industry.

Over a year ago India had slapped an MIP of Rs 500 per kg on black pepper to curb increasing imports of the spice into the country that had pushed down prices to around Rs 350 per kg from nearly Rs 500 per kg.

The government had levied MIP  pepper traders and exporters complained that Vietnamese pepper was coming to India via Sri Lanka with certificate of origin issued by the latter.

“Sri Lanka should have ensured that no certificate of origin was issued for Vietnam pepper routed to the country which caused great damage to Indian pepper farmers,’’ said Kishore Shamji, Kerala coordinator of Indian Pepper and Spice Traders, Growers, Planters Consortium.

Currently, India levies zero duty import on 2,500 tonnes of pepper from Sri Lanka annually under the Indo-Sri Lanka Free Trade Agreement. Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement as against the usual customs duty of 70 per cent on pepper import into India.

“Indian pepper growers feel no further concession should be made till domestic prices reach Rs 500 per kg. Any further concessions will lead to the destruction of pepper farmers in India,’’ Shamji said, adding that the spice extraction industry is already importing pepper without duty under advance licence for value addition and re-export. Indian pepper is the highest priced in the world market at present and as a result pepper from other markets is being smuggled into the country. “Brazilian pepper is being smuggled to the country and sold at Rs 370 per kg,’’ said Jojan Malayil, chief executive officer of Bafna Enterprises.



www//economictimes.indiatimes.com/

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Chilli industry spices up people's lives in central China

Source: Xinhua| 2019-08-08 20:45:43|Editor: mingmei

CHANGSHA, Aug. 8 (Xinhua) -- A Chinese phrase "chixianghela" depicts a rich lifestyle of eating delicious and spicy food, and that's what Chen Jinxiang's life is all about these days.

Chen used to make ends meet by tending rice paddies deep in the mountains of central China's Hunan Province. But his life took a U-turn after switching to the chilli industry.

"Last year, I grew 0.4 hectares of chilli, and made about 30,000 yuan (4,260 U.S. dollars)," said Chen, a farmer in Xiuling Village of Rucheng County. "This year I have expanded the area to one hectare, and now the chilli is ready for collection."

In the serene village of Xiuling, which means "beautiful mountains" in Chinese, swathes of red chilli and peppers envelop the lush green mountains. The plantation is part of the county government's efforts to help lift locals out of poverty, while creating a "distinctive township based on chilli" in answer to a central government plan.

In 2016, the Chinese government issued a plan to create about 1,000 "distinctive townships" across the country that center on tourism, traditional culture, education, manufacturing and more by 2020.

Over the years, many such townships have mushroomed, including an "acrobatics township," "music township" and "opera township," to name just a few.

So the county of Rucheng, which has a tradition of chilli cultivation and perfect air and soil conditions for growing chilli, decided to turn itself into a special township of chilli.

According to official figures, by the end of 2018, a total of 780 hectares of chilli has been planted in the county. Local officials handed out more than 16 million chilli seedlings, and encouraged 5,461 impoverished families to grow more than 653 hectares of the crops.

To help the growers reap benefits, the local government introduced a major chilli company into the county. The company purchases the chilli from farmers at a bottomline price when the market price is low. Meanwhile, agricultural experts have been designated to help the poor farmers learn the techniques of plantation.

"We also help sell the chilli for the farmers online," a local official said.

China aims to eradicate poverty by 2020, the target year to complete the building of a moderately prosperous society in all respects.

The county made the leap in 2018, thanks to the chilli industry.

Last month, Quanshui Township, which administers Xiuling Village, was named one of the "Top Ten Special Agricultural Townships" in Hunan Province.

The chilli has been transformed into different products, including pickled chilli, chopped chilli and chilli sauce, and has been included in local spicy specialties.

In the exhibition hall of Fanhua Food Co., Ltd. in Rucheng, a variety of chilli products are on display.

"We came to invest in the industry in 2018, and our products have taken up almost a half of the chilli market in the county," said Zhu Shuqing, with the company. "We see rosy prospects."

Zhu said that the county is close to coastal provinces like Guangdong, where there is a robust market for chilli, particularly chilli from Hunan Province, which is known in China as a hotbed for chilli production and consumption.

"More people in China are beginning to fall for spicy food, and the chilli industry has huge potential," Zhu said. "The industry truly spiced up people's lives here."

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Chinese garlic prices have begun to fall

From The Fresh Plaza

Source: Voice of Chinese Villages

Publication date: 8/8/2019

The overall garlic price in 2019 rose in northern China. According to Xie Lei, an analyst at the Beijing Xinfadi Market, since May, prices of the new crop sold at the market have increased by 104% over the same period last year. In the following two months, prices continued to rise, only starting to fall recently.

Recently, the wholesale price at the market stayed at 8.4-9.6 yuan/kg, up 200% year-on-year compared with that of 2-4 yuan/kg during the same period last year. In the last 2-3 weeks, prices at the market became less stable and started to drop. As the stockpiling season will reach an end in August, many growers are rushing to sell, leading prices to start declining recently.

For garlic growers, the quality of garlic not yet in storage will decline by the beginning of autumn, accompanied by a lack of purchasers, so it is also the final opportunity to sell.

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PEPPER PRICES 2010 - 2018

Cardamom price on a record high

IDUKKI , August 05, 2019 00:17 IST

Delayed harvest leads to poor supply

Cardamom price continues to break records because of the crop’s poor availability in the market. A drop in production is predicted in the days ahead too of the current season.

Market sources said that the first crop of the season had not reached the auction centres and adverse climate had impacted the production. Usually the first crop reaches auction centres by June/July. However, because of poor southwest monsoon, the first crop is expected only by the end of August or in September this time.

The maximum price recorded at the Spices Park at Puttady on Saturday was ₹7,000 a kg while the average price was ₹4,733. It was a record in the maximum and average prices in both the auctions, held in the morning and eventing, at Spices Park.

 In the evening auction held by Header Systems (India) Ltd., Nedumkandam, on Saturday, 26,142 kg reached the auction centre, all of which was sold. The maximum and average prices respectively were ₹7,000 and ₹4,655 per kg.

In the morning auction held by Mas Enterprise, Vandanmedu, of the 8,796 kg of cardamom that had arrived, 8,741 kg was sold at ₹5,212 (maximum) and ₹4,733 per kg (average). The maximum price had remained above ₹4,000 per kg from July 24.
Flood impact

The Cardamom Hill Reserve (CHR) area received very poor rainfall and the atmospheric temperature remains high, affecting the flowering and the growth of beans. In addition, the flood of 2018 had taken a toll with plants largely destroyed in the CHR. Market sources said the high fluctuation in prices may not benefit the farmers and it is likely to drop with the arrival of the first crop.
Giji K. Raman


https://www.thehindu.com/news/national/kerala/cardamom-price-on-a-record-high/article28816195.ece
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Price Indication several spices

August 5, 2019

Good Morning
This week Price Information received form India.
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Price Indication (FOB MUNDRA) (Prices are subject to reconfirmation)

New Crop Cumin seeds
Singapore 99%: $ 2360
Singapore 99.5%: $ 2390
Europe 99%: $ 2425

New crop Fennel seed
Europe 99%: $ 1400
Semi Europe: $ 1245
Singapore 99%: $ 1035

New Crop Fenugreek seeds
Machine Clean: $ 695
Sortex: $ 725

New crop Coriander Seeds
Eagle (M.P. Origin): $ 930
100% Split: $ 905
Super XO: $ 1030

Mustard Seeds
Bold: $ 570
Small: $ 625

New Crop Dill Seeds
Whole 99%: $ 1000
100% split: $ 955

* Kalonji (Black Cumin) seeds*
Machine Clean: $ 1590
Sortex: $ 1640

Turmeric Finger (Double Polished)
Salem, No. 1: $ 1180
Nizamabad, Good Grade: $ 1065
Nizamabad, FAQ: $ 1025

Shipment: Prompt
Packing: 25/50 KG
Prices are subject to reconfirmation

IPC Market report No. 31/19, 29 July - 2 August 2019

LOCAL MARKET REPORT
Market this week showed mixed response.
In local market, Malabar black pepper was reported with an increase by 1% as compare to the previous week averaging at USD 4,892 per Mt.
Indonesia black and white pepper were reported with a 1% deficit as opposed to the previous week with an average of USD 1,918 per Mt for black pepper and USD 3,446 per Mt for white pepper. As Indonesian black and white pepper in local currency were traded unchanged as opposed to the previous, the decrease in Indonesia pepper was highly contributed to the weakening of Indonesian Rupiah against US Dollar.
Malaysian black pepper was reported to be traded with 1% deficit as compared to the previous week, averaging at USD 2,369 per Mt. Whilst, Malaysian white pepper was reported stable averaging at USD 3,909 per Mt.
Viet Nam black pepper was reported to be traded with 1% deficit as opposed to the previous week, averaging at USD 1,876 per Mt while Viet Nam white pepper was reported unchanged.
Sri Lanka black pepper was reported with a slight increase of 1% as compared to the previous week, averaging at USD 2,538 per Mt.

INTERNATIONAL MARKET

In international market, FOB price of India black pepper was reported with an increase by 1% as compared to the previous week averaging at USD 5,182 per Mt.
Indonesia black and white pepper were reported with a deficit of 1% as opposed to the previous week with an average of USD 2,358 per Mt for black pepper and USD 4,074 per Mt for white pepper.
Malaysia black and white pepper were reported stable and unchanged.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable averaging at USD 2,265 per Mt, USD 2,330 per Mt and USD 3,415 per Mt respectively.

US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt 

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