Market Report - June 2025

#CropReport

BLACK PEPPER

Prices continues to be firm and upward.

Irrespective of crop size, All origins are looking at other origins and adjusting price in tune with other major sources, which will make this year difficult for pepper and pepper products buyers.

Indonesia:

Harvest Season: July to September

Main harvesting season runs between July- September. Early arrivals were expected by June mid/end, which is now extended, due to late flowering and harvesting.
There are no offers currently for light berries from Indonesia.
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 prices run between USD 7500 to 8000 per MT.

Sri Lanka:

Harvest Season: April – June.

Season is almost over.
Prices have surged historically.
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.
Currently price is firm and upward, USD 11500-12000/MT for 9% piperine material. All extraction companies are buying aggressively at these levels, so no indications of downward movement this season. Light berries Arrivals will end in another 1-2 weeks.

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.
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 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.

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

New season has started.
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 USD5200 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.

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 85-90/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.
Price indication for 100k paprika is USD 19-20 per kilo.

CELERY:

Harvest Season: May- June.

Season is currently on.
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 coming to an end.
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.
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 1510/MT to 1570/mt.

FENUGREEK:

Harvest Season: June-July and October-November.

Season starts from 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

New season started in March. 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.