Market Report - July 2026

Market Report - July 2026

BLACK PEPPER

Indonesia:

Harvest Season: July to September

• Harvesting has started in June in the major growing regions, with peak arrivals expected from August.
• The 2026 crop has been reported to be average.  Currently prices are about 5% lower than last year. However, low carryover stocks are providing some price support.
• Market trend will become clearer once peak harvest arrivals begin in August.
• Current prices are in the range of USD 6500/MT for 6.5% piperine.  At this price Sri Lanka is more competitive than Indonesia, where price is USD 7600/MT for 9% Piperine RM.

Sri Lanka:

Harvest Season: April – June. / Dec-Jan

• Light berry season is almost over.
• Prices are currently at USD 7600/MT levels, for 9% Piperine material.
• Limited plucking of Light berries and the season almost ending for light berries, a major price reduction is not expected in the near future, considering the very poor demand too.
• Fresh market arrivals have declined, and trading is currently based on available stocks.

Vietnam:

Harvest season: December to February

• It is off-season now.
• Crop was lower than last season.
• Despite this, market sentiment remains bullish due to lower global supply and sustained export demand.
• Price is currently at USD 6,500/MT levels for 6% piperine material.

CAPSICUM:

Harvest Season: December to May

• Season is over, chilli crop is reduced by 30% compared to last year.
• This together with adverse weather conditions, have limited the arrivals and prices moved up substantially.
• Indian colour chilli / extract prices have gone up too high, due to customers preferring more of Indian products currently, and demand has risen since last few months.
• Strong domestic demand, along with quick clearance of cold-storage stocks, has resulted in higher prices in the market.
• Current Teja chilli prices are around 45% higher than the same period in 2025.

PAPRIKA:

Harvest Season: November- April.

• The paprika harvest is complete, and the market is now relying on cold storge stocks.
• Overall production is reported to be lower than last year with reduced crop acreages and lower yield.
• Prices remain firm with good domestic demand from grinders, natural color and oleoresin manufacturers, while the export demand is yet to pick up.

GINGER:

Harvest Season: December- March

• It is off-season now.
• Sowing acreages  for next crop have increased and crop establishment across major producing states in India has been reported to be satisfactory.
• Current weather conditions are conducive to crop growth and are expected to support further development.
• Prices remain firm with limited arrivals, from last season carryover stocks.
• Domestic demand from the spice processing and food industry sectors continues to remain steady.
• Nigerian availability of dried ginger is limited as farmers are selling as fresh.
• Price trend is expected to remain bullish as crop acreages have reduced.

NUTMEG:

India:

Harvest season: May to August

• Harvest is progressing across major nutmeg-growing regions.
• Crop output is reported to be lower as dry weather conditions have adversely impacted the yields.
• Carryover stocks from previous season are also limited.
• With lower crop output and lower carryover stocks, prices are expected to firm up once demand picks up.

Indonesia:

Harvest Season: March- April, July – August

• Indonesian nutmeg prices remained stable during the last month with no significant fluctuations.
• Demand was slow from exports and domestic markets.
• Currently prices are slightly increasing   because the season is getting over and production is low.
• The prices are expected to be firm if the demand   increases.

CARDAMOM:

Harvest Season: August- November

• Current sales in the market are mostly from the carryover stocks.
• Harvesting of the new crop will start by the month of September.
• Labour shortage at origin remains a major concern, may affect harvest processing.
• Prices are expected to increase supported by lower arrivals and increased demand.  A clear picture of new crop and price will be received by early August.

CORIANDER:

Harvest Season: March – May.

• Harvest have been completed in major producing states.  The current season's crop was lower, and carry-over stocks are also limited.
• Farmers are likely to hold stocks in anticipation of better prices, which may restrict market arrivals.
• Lower availability coupled with increased export demand have increased the price in the market.  Price has reached   in the range of USD2000/MT from USD1052/mt.

TURMERIC:

India:

Harvest season: February - April

• It is off-season currently.
• As the carry forward stocks were almost nil, whatever is coming to market is instantly picked by grinding and extraction companies.
• Market remains firm with limited availability of premium quality material
• Sowing for the next crop is nearly complete in the major growing regions, supported by good rainfall and irrigation.
• Crop prospects are supported by good rainfall and adequate irrigation.
• Demand from export, food processing, pharmaceutical, and nutraceutical sectors remains steady, mainly for immediate requirements.
• Extraction-grade finger turmeric is currently priced at USD 1,600/MT levels.
• High curcumin turmeric prices are about 20% higher than the same period in 2025.

Vietnam:

Harvest season: February - April

• Harvest season February – April.  Prices are high, @ USD 1850/MT levels.
• High-curcumin turmeric and extraction-grade material continue to receive stronger demand compared to standard grades.

Indonesia:

Harvest Season: August- November

• Season is now on, the crop volumes will be lower   than the last season, as the area of cultivation has been reducing year-on-year.
• Farmers are migrating to crops like elephant yam and corn, which fetches them better prices.
• Prices are currently at USD1650/MT levels.

CELERY:

Harvest Season: May- June.

• The crop has been fully harvested and season come to an end. Crop was almost 50% lower than last year. Accordingly, prices also moved up from USD 2/kg prevailed last year, to USD 4/kg currently.
• Prices remain firm due to low stocks, strong demand, and limited fresh supply.
• Although farmers increased planting area for 2026, lower yields caused by unfavourable weather have reduced production.
• This has resulted in steep rise in celery oil and oleoresin prices as well. Prices are expected to stay strong this year.

FENNEL:

Harvest Season: February- May

• Season is almost over.
• RM price is at a stable condition, at USD 1500/MT.
• Availability of export-quality green fennel remains tighter this season, particularly premium bold-quality material.
• Crop prices remain higher than last year due to the lower production.
• Carry-over stocks are lower than last year keeps supply tight.

GARLIC:

Harvest Season: March – May.

• Current price for Garlic bulbs is in the range of USD 1160/MT and Garlic flakes in the range of USD 1730/Mt.
• Daily market arrivals remain below peak harvest season levels.
• Current market supplies are being met primarily through inventories held by farmers and traders.
• Although wholesale market arrivals have moderated since the peak harvest period, overall market availability remains adequate.
• Market prices are currently 30–40% higher than the corresponding period last year.
• Market is Expected to remain stable to firm in future.
• Export demand remains moderate, with the market currently driven primarily by domestic demand.
   

FENUGREEK:

Harvest Season: June-July and October-November.

• Currently price has increased to USD 945/MT from USD 850/MT level.
• Harvest operations are almost complete.
• Crop production is estimated to be 20% lower than last year.
• Market prices are approximately 30% higher compared to the same period last year.
• Limited stock availability and reduced market arrivals are expected to support a gradual increase in prices over the coming months.

ONION:

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

• Current price for Onion RM is stable at USD 570/Mt, and Onion flakes in the range of USD 1198/Mt.
• India’s onion crop condition is currently average to weak due to unseasonal rainfall, heat stress, and storage losses in Maharashtra.
• Domestic demand remains steady, while export demand continues to stay slow due to weaker overseas buying.
• The harvest season is nearing completion, with only limited arrivals remaining in the markets.
• Overall production is estimated to be lower than normal, although the crop quality has remained good.
• Onion prices have increased by nearly 40% compared to the previous season.
• Seasonal arrivals at major mandis continue to decline as the harvesting season comes to an end.

CUMIN:

Harvest Season: February- May

• New crop harvesting is almost over. Cultivation area was 25% lower than last year.
• Despite this, prices have come down marginally, due to very poor demand.
• Major buyers like China and Bangladesh are slow so export demand is slightly weak.
• RM price currently in the range of USD 2500/mt.