Market Report - July 2025

Market Report - July 2025

BLACK PEPPER

Indonesia:

Harvest Season: July to September

• Main harvesting season runs between July- September. Crop this year is delayed and will commence only in August.
• There are no offers currently for light berries from Indonesia.
• Crop size is estimated short by 30%. The higher prices as sold by Vietnam this season will have a strong impact on the prices on coming season, irrespective of crop size.
• Current offers for forward booking of new crop light berries are in the range of USD 7500 to 7800 per MT.

Sri Lanka:

Harvest Season: April – June.

• Light berries Season is almost over. Piperine content has reduced in the arrivals to 8% levels. From now it would be arrivals of bold pepper.
• Prices have surged historically this season.
• Crop is less; therefore, prices are much higher than usual.
• With the Vietnam season concluded and Indonesia’s harvest postponed until August, compounded by uncertainty in crop size, demand for Sri Lankan pepper remain exceptionally high.
• Current prices run between USD 10500-11000 for 9% piperine material.
• There is heavy buying by extraction companies, to bag in whatever volumes left.

Vietnam:

Harvest season: December to February

• It is off-season now.
• Crop was bad than estimated, due to weather conditions. Crop was delayed too.
• Unpredictable weather patterns have disrupted traditional farming patterns, leading to reduced yields and delayed harvests. Due to these prices remain high during season.
• Increase in  customs duty by US Government  has caused reluctance in American buyers, due to lack  of clarity on landed cost,  due to which there has been a marginal  fall in the price of bold berries to USD 6000-6500/MT levels; however, this has not affected the light berries price, as the availability has come to an end, and buyers still looking for LBs. Limited offers available are all above usd 7000/MT. China is buying whatever stocks of light berries available aggressively at these levels.
• Also, positive signals from US-Vietnam trade negotiations and potential delays in US reciprocal tariffs is supporting market confidence.

CAPSICUM:

Harvest Season: December to May

• Crop was fair this year, also area of cultivation is also high.
• As of now, prices for most of the varieties other than Teja   has come down marginally, therefore extraction companies are using more of 5531 variety for extraction.
• Overall price expectation for chilly oleoresin this year from all origins is low and downward.
• As the season is over, and major mandies(market) are closed now, offers are now coming for material from Cold storages, due to which a marginal hike of 10 cents /kg is seen from this week.

NUTMEG:

India:

Harvest season: May to August

• Season is ongoing.
• Arrivals are progressing at a slow pace.
• Various qualities of raw material are entering the market.
• At present, raw material prices are fluctuating- USD 1165 - USD 1200/MT

Indonesia:

Harvest Season: March- April, July – August

• Season has ended, but short crop season is expected by July.
• Prices have subsided marginally.
• Current prices are not feasible for extraction companies. Nutmeg BWP without shell is USD 4900 per MT.

GINGER:

Harvest Season: December- March

• Season has ended.
• Crop was expected to be better this year, as per initial reports. However, when harvested crop is 30% less than usual.
• Demand is high for both green and dried ginger.
• Matured ginger is available now in the market, with very less oil yields of 1.5 to 1.8% (as against 2-3%).
• Raw material prices have slightly declined to the range of USD 1450 to 1500/MT.

CARDAMOM:

Harvest Season: August- November

• The Harvesting season mainly occurs between August and November.
• Farmers are holding onto the limited stocks which are available.
• Currently market has very low arrivals.
• Prices moved down, due to lack of global demand and expectation of better prices in the coming season.
• This price trend will continue until August – September when the next crop arrives.
• Cardamom oil price has also declined, ranges between the levels of USD 400 to 420 per MT.
• Due to large enquiries from Middle East and Europe, prices moved up 15% in the last two weeks.

CORIANDER:

Harvest Season: March – May.

• Season has come to an end.
• Prices are currently stable on USD1200 per MT
• Price may go up if the demand increases.

TURMERIC:

India:

Harvest season: February - April

• As per the prediction prices should have come down, but the price surged steeply, due to less crop than expected, from the major growing regions.
• The primary driver of this price increase is the growing demand from powder manufacturing companies.
• After waiting for some time, curcumin extraction companies have also started buying aggressively, as there is huge demand for curcumin, due to short supply carried forward from 2024-year end.
• It is unlikely that the prices will decline in the coming months.
• Availability is very low.
• Price for Curcumin 95% has increased due to less availability, ranges from USD 90-95/kg.
• RM prices is currently at the range of USD 1550to 1600 per MT.

PAPRIKA:

Harvest Season: November- April.

• Crop was fair last season.
• High colour material prices are moving downwards.
• There is an upward trend in low colour paprika price, due to less production of heat chillies.
• As season is over, cold storage material is being currently traded in the market
• Price indication for 100k paprika is USD 19-20 per kilo.

CELERY:

Harvest Season: May- June.

• Season is currently on, almost over.
• As the crop was not so good, prices moved up marginally this season.
• Production is down by 35% compared to last year.RM price currently ranges from USD 1300 to USD 1350 /MT.
• Market anticipates a rise in oil prices, expected by end June, when the arrivals decrease.

FENNEL:

Harvest Season: February- May

• Season is over.
• Crop is 20% less compared to last year’s.
• Price is expected to be stable as the demand is low now and carry forward stocks are there in market.
• RM price is at a stable condition, at USD 1500/MT.

GARLIC:

Harvest Season: March – May.

• Season is almost over. Crop was fair.
• The prices for extractions companies will arrive only after the total crop goes to storage and surplus comes to market.
• Prices are in the range of USD 1450/MT to 1500/mt.

FENUGREEK:

Harvest Season: June-July and October-November.

• In India, fenugreek remains a significant crop, with favourable weather conditions supporting its cultivation., but weather variability and storage conditions may affect quality and availability.
• Prices seems to be decreasing due to lack of demand.  Currently price is at USD 850/MT levels.

ONION:

Harvest Season: January- February, April-June, October -November.

• Season comes to an end.
• Harvesting is ongoing, with average to slightly below-average yields due to erratic rainfall and pest issue.
• Prices are moderately fluctuating as fresh arrivals balance out demand, if exports rise sharply, domestic price may firm up.

CUMIN:

Harvest Season: February- May

• Harvesting is almost over now.
• Crop was good but price has not reduced as expected.
• Raw material price was low at the beginning of season but increased after two three weeks and now in the range of USD 3150/MT.