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transcript
May 2016 Report
Market Insider
SPICES MARKET INSIDER
Market Insider
Spices
Building awareness and assisting developing countries with access to trade and market information has been at the heart of the International Trade Centre (ITC) work. The Market Insider is a newly branded global public goods service built on a "blog" interface to provide just-in-time content on market prices and industry developments focusing on forward-looking intelligence in anticipation of market opportunities, market dynamics, quality issues, trade events and sector-specific intelligence on commodities of interest to developing countries. No part of these reports may be reproduced, stored in a retrieval system, or transmitted in any form or by any means without the prior permission of the MI/ITC Geneva. Market Insider information is available free of charge to trade support institutions, enterprises and research institutions in developing and developed countries. Please log on to: http://www.intracen.org/market-insider http://www.marketinsider.org
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INDEX
SPICES NEWS AND UPDATES ........................................................................................................ 3 MARKET DYNAMICS ....................................................................................................................... 13 PRICES IN THE MARKET PLACE ................................................................................................... 15
Spices ............................................................................................................................................15 PRICES IN THE MARKET PLACE ................................................................................................... 19
Herbs .............................................................................................................................................19 STATISTICAL INFORMATION AND RELATED RESOURCES ...................................................... 20 EVENTS ............................................................................................................................................ 27
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Spices News and Updates
Ginger prices plummet in China
Contrary to onion and garlic prices, Chinese ginger prices have fallen sharply this year. Anqiu, in
Shandong province, is one of the biggest ginger producing regions in China. Ginger prices have
dropped from 6 to 8 Yuan / kg (about USD0.9 – 1.22 /kg) last year, to only 0.60 to 0.80 Yuan /kg
this year. On the current market, many ginger growers are facing losses.
Ginger is the main traded product at the Shengda Agricultural Products Trade Market located in
Anqiu city. From that market the ginger is sold across China. In 2015, sales volumes reached over
600 tons /day. Currently, daily volumes do not surpass 300 tons.
The worsening economic climate in China is impacting the catering sector which is a large
consumer of ginger and is blamed for the fall in prices. In addition, in the second half of 2013 and in
2014 the ginger market price increased significantly. In 2015 ginger production ballooned. When
this new ginger arrived on the market in the autumn of 2015, the price started to collapse. Currently,
both domestic and export ginger prices have declined significantly.
Source: CCTV
Price risk management training for Indian farmers of large cardamom
In Sikkim in northern India large cardamom form the major cash crop. On May 3rd the Multi
Commodity Exchange of India (MCX) and the Spices Board of India jointly organised a seminar in
Gangtok on price risk management for the farmers of large cardamom.
MCX has a cardamom futures contract (for the green cardamom, not related to the black or large
cardamom of north India) that has been well accepted by those in the value chain including
farmers, traders and processors. The speakers at the seminar explained the need to manage risks
in production and volatility in prices.
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MCX officials explained in detail how cardamom farmers have benefited from access to the national
level electronic futures exchange. They explained that the prices discovered on the only cardamom
futures exchange have emerged as a benchmark price for all grades of cardamom. Without this
benchmark, they said, cardamom farmers and other stakeholders would not have a national-level
real-time reference price
They said the variety of cardamom whose price is discovered on the MCX platform is a well-
accepted grade for export purposes and in the domestic retail market. The quality consciousness
induced in the value-chain on account of the preference for MCX-grade cardamom has led to
farmers increasingly opting for grading of their produce to ensure better realisation, they said.
Studies by the United Nations Conference on Trade and Development (UNCTAD), IIM Kozhikode,
etc. have recorded the significant benefits that accrue to cardamom stakeholders, particularly
farmers, from the efficient price discovery and dissemination platform that MCX provides for
cardamom. Vibhor Tandon, assistant vice president-business development at MCX said, "In
addition to serving their most important role as a price risk management tool, cardamom futures
contracts also help farmers by empowering them to make better cropping, selling / buying
decisions, improving flow of information across the entire cardamom ecosystem, increasing
farmer's share of the price paid by end consumer, developing better storage, grading infrastructure
and improving access to finance."
Chandra Sekhar Ghatani, assistant director, Spices Board of India (Gangtok division) said, "Despite
the rapid growth of the Indian economy for the past two decades, the agriculture sector has not kept
pace with other sectors. Farmers often lack access to crucial information, which limits their ability to
obtain fair prices for their crops."
Ghatani said that many farmers have to deal with corrupt middlemen who take advantage of their
lack of market information. In this regard, the efforts of commodity exchanges such as MCX are
commendable in bridging this knowledge gap by empowering farmers with access to a nationwide
electronic platform for market players to buy or sell commodity futures contracts, in this case
cardamom derivatives contracts, facilitating efficient price discovery mechanism, he said.
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Source: http://economictimes.indiatimes.com/
UK herb consumption forecast to grow
Produce Business UK reports that UK consumers and food manufacturers are turning to herbs as
an acceptable alternative to sugar, salt and synthetic additives. The move complements the
growing use of herbs in a wider variety of food and drink for that tasty, healthy kick.
Sales of both fresh and dried herbs are benefiting as a result, and herbs are increasingly being
used not just in food but in the creation of smoothies and teas. In general, they are seen as a good
source of flavour and health benefits as well as being able to enhance the taste and appearance of
meat and vegetable dishes, soups, sauces and roasts. Many herbs also fit into contemporary eating
trends.
By encouraging consumers to look at new ways of using herbs, major UK supplier Vitacress reports
that its Herbalicious campaign is proving extremely successful in generating sales of fresh herbs,
especially pots to take home. The website attracts around 40,000 visitors each month.
Tony Reid, head of marketing at Vitacress, says: “We are planning to extend the Herbalicious
project this year and to introduce more PR activity. We will be working with food bloggers and
focusing on the top five herbs to reinforce usage. We will also be reinforcing world cuisine to link in
with the [Rio 2016] Olympics movement, and stressing fresh fruit cocktails at sporting events this
summer.”
The total market for herbs in the UK is estimated to be around the GBP70-100million (about
USD100-145 million) level. In terms of popularity, coriander is the most used herb, followed by
rosemary, basil, parsley, mint and sage, according to Vitacress.
Vitacress has noticed sales of lemongrass and lime leaves have grown significantly too. Demand
for lime leaves is now at around 15-18% of the overall market, partly fuelled by consumer interest in
oriental, Indian and Mexican cuisines since it’s a popular herb in almost every dish. People seeking
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to create authentic Mexican dishes also often find themselves using coriander rather than the
traditional cilantro, which has very similar leaves and taste.
Dried herbs
Demand for dried herbs is equally strong, and the category is therefore regarded as a key part of
the overall market for herbs. Already a store cupboard essential for many food manufacturers,
chefs, foodservice operators and consumers, and coupled with the increase in popularity of home
cooking, dried herbs and blends are experiencing a boost in sales, according to Christine Peers,
sales director at EHL Ingredients.
Currently, the most popular dried herbs at EHL Ingredients are oregano, parsley, sage, thyme and
rosemary, which are widely used by foodservice chefs and food manufacturers to add to frozen or
chilled meals and accompaniments, meals kits and prepared food.
Almost every consumer has a range of dried herbs at home too, and often this is a way of trying out
different combinations. Once they have done so, consumers will often move onto using fresh herbs
on special occasions. Meanwhile, all-in-one seasoning mixes are popular with younger consumers
who lack the confidence to create their own variations.
Herbal tea
At the same time, herbal teas are growing in popularity. Euromonitor’s 2016 report, Tea in the
United Kingdom, indicates that sales of traditional black standard tea declined by 2% in 2015 due
partly to the fact that it was not seen as fashionable. Herbal and fruit teas, meanwhile, took up the
slack in sales since these are regarded as being healthier. They also appeal to a younger
generation of tea drinkers. Consumers are also attracted to fruit and herbal teas because of their
wider variety of tastes; they offer a changing mix of exciting infusions and new product
developments that are seen as more interesting than standard black tea.
Herbal teas tend to command premium prices and are often presented in variety packs, which
enables consumers to try a wide selection without having to buy in large quantities.
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Source:: http://www.producebusinessuk.com/
High prices persist in the vanilla market
Sky high quotes continue to disturb the vanilla market. Some quarters are quoting USD220 / kg for
Madagascan bourbon style vanilla indicating prices four times the level two years ago. It is
generally accepted that the 2015 harvest was poor, possibly a third down on average levels, but the
scale of the price gains are equally held to be irrational and speculative.
The high prices have a number of negative effects: for the processor and industrial user there is a
strong incentive to use synthetic alternatives and a strong disincentive to develop new products
using natural vanilla. Hitherto, the use of natural vanilla has been sustained by labelling that
ensures that synthetic vanillin, usually derived from petrochemicals or lignin, is declared on the
label.
New developments in fermentation technology at Swiss–based Evolva exploit the commercial
opportunities in competitive methods of deriving vanillin with an improved flavour profile. This
product is newly on the market, in collaboration with flavour house IFF, and while sales “volumes
remain low compared to our original expectations” the actual market opportunity remains to be
seen.
On the supply side, the quality of the Madagascan crop is said to have deteriorated as farmers
hasten to harvest the crop and cash in on the super-high prices. In consequence beans are
harvested before full maturity and processing is rushed, all with negative impacts on the bean
quality and of course adding more rocket fuel to the speculative pricing. Buyers have been pressing
for Government intervention to regulate the industry and at the least control quality.
Madagascar needs the vanilla industry. Vanilla employs about 200,000 people and export sales
brought in USD192mn last year. However, the high prices amply encourage other potential
producers, for example in South and South East Asia, to try out planting. The net result? In the
short term prices might hold up until the 2016 crop becomes available, but thereafter normal crops
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will send prices back down to 2014 levels. And further ahead: a production surplus is likely as new
planting comes on stream in four years or so pushing prices down to levels where only the lowest
cost producers can survive.
Cardamom development board requested in Nepal
Producers of large cardamoms in the eastern hill districts of Nepal have requested funding from the
Government in order to set up a development board that could promote the high-value spice.
Unfortunately, to date the efforts of the district council to establish a board have made no progress
despite the Governments spoken emphasis on high-value agriculture. Shiva Gurung, chairman of
the Cardamom Farmers Network, said, “Our crops have been damaged by pests and the plants
have been dying more frequently. We have not received advice or technical support. This year,
prices have also fallen and there is no authority to help cardamom farmers.”
Every year, farmers from the district express their concerns at the area and village council meetings
and request the government to address their demands, said Durga Shrestha, officer at the planning
department of the District Development Committee. The 22nd district council held this year has also
included the issue in its decision number 23.
Although the government must respond to the requests forwarded by the district council,
implementation is another matter. “There is an urgent need to create a special plan to improve the
production of cardamom which has fallen sharply because of lack of water for irrigation caused by
climate change, increased impact of pests, old growing areas and traditional farming processes,”
said Harishchandra Chilwal, coordinator of the hill programme of the Environment Conservation
and Development Forum.
“The government has established a National Tea and Coffee Development Board to promote tea
and coffee which generates less revenue than cardamom. Despite the big contribution to the
economy, society and environment, the government seems to be less concerned.”
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According to the Ministry of Agricultural Development, large cardamom is cultivated on 12,453
hectares in 37 districts. Government statistics show that Nepal exported large cardamom worth
Rs2.71 billion in the first seven months of the current fiscal year.
Source: http://kathmandupost.ekantipur.com
Plans for increased chili planting in India
Chili growers in the state of Andhra Pradesh, the premier area for chilli cultivation, are planning to
increase the sowing area for the next crop. The Economic Times reports that the farmers have
been encouraged by the recent high prices with premium quality chilies now fetching INR150 / kg
(about USD2.22), the highest ever in its history. "Farmers were initially planning a 30% increase in
acreage, which is expected to begin in July after the monsoon sets in," said Ravipati Peraiah, MD
of Vijayakrishna Spice Farm.
The shortfall in harvested crop and rising demand from overseas, particularly China, have raised
the price of chili to a new peak. Chili is the largest exported spice from India . It had been
anticipated earlier that the crop might be down by as much as 30% following unsupportive rainfall,
but in the final analysis chili output was down by 15%.
"In Guntur, cold storages would have 5 million bags (each bag of 35-40 kg) while there will be
another 7 million bags from other centres of Andhra Pradesh. If the monsoon is good as the reports
say, then prices may come down," said Venkat Rosaiah, president of Guntur Chilli Commission
Agents Association.
Current prices range from Rs 120-150 per kg depending on the quality. This is 40-50% higher from
a year ago. Unless the monsoon is good, the current price level may last till the first crop
from Madhya Pradesh arrives.
Source: http://articles.economictimes.indiatimes.com/
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ConAgra Foods to sell Spicetec Flavors & Seasonings to Givaudan
ConAgra Foods, Inc., one of North America's leading packaged food companies, today announced
it has entered into a definitive agreement to sell its Spicetec Flavors & Seasonings business
to Givaudan for approximately $340 million.
Sean Connolly, president and chief executive officer of ConAgra Foods, said, “We are committed to
becoming a more focused and higher performing company in order to drive greater shareholder
value. Divesting Spicetec is the latest action we have taken that will allow ConAgra Foods to invest
resources into our core product portfolio to drive sustainable growth.” He added, “We truly
appreciate the contributions of the Spicetec employees and look forward to having an ongoing
relationship with them as a key supplier to ConAgra Foods.”
Meanwhile Givaudan, a global leader in the creation of fragrances and flavours, announced the
deal as part of its 2020 strategy to strengthen capabilities in integrated solutions, The transaction is
expected to add approximately USD 185 million to Givaudan’s revenue on a full year basis.
Gilles Andrier, CEO of Givaudan said: “This acquisition fits with our 2020 strategy to expand our
offering to deliver integrated solutions where flavour and taste play a key role. Spicetec brings
complementary capabilities to Givaudan with its strong portfolio of spices, seasoning blends and
natural solutions. We are delighted to welcome Spicetec’s employees to Givaudan; our high cultural
fit will contribute greatly to a successful integration.”
Mauricio Graber, President of Givaudan’s Flavour Division said: “Combining Givaudan’s leading
flavour expertise with Spicetec’s portfolio of products will enable us to deliver a broader range of
solutions to our customers in processed meats, savoury retail and foodservice. Furthermore, these
additional capabilities will help us strengthen the breadth of our industry leading natural ingredients,
flavour and taste solutions.”
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The total purchase price is USD 340 million, which Givaudan plans to fund from existing resources.
The agreement includes the transition of approximately 280 employees as well as facilities
in Cranbury, N.J., and Carol Stream, Ill. The planned transaction is subject to customary closing
conditions and regulatory clearances and is expected to close in approximately 60-90 days.
See: www.conagrafoods.com and www.givaudan.com
Increase in spices and seasonings in new product launches
Innova Market Insights report that the use of herbs, spices and seasonings in new global product
launches tracked increased by +29% from the first half of 2014 to the first half of 2015. The top
category for tracked launches globally is sauces & seasonings (19%). The fastest growing
ingredient is turmeric (+43%). Top ingredient used overall is garlic. Fastest growing positioning is
gluten free (+61%). Clear label is also seen growing, driven by no additives/preservatives (+46%),
organic (+37%) and natural (+18%).
Source: Innova Market Insights http://www.innovadatabase.com
Spices Board sets up e-sale centre for cardamom
The Indian Spices Board has launched its second e-auction centre at Bodinayakanur, known as
Cardamom city, to ensure remunerative prices to farmers.
Spices Board Chairman A Jayathilak said that the new auction centre, constructed on two acres at
the Board’s premises is equipped with all the modern facilities to assist the cardamom trade. The
Board, he said, has revolutionised the auction system for small cardamom by introducing electronic
auction, which has started benefiting cardamom growers. The first e-auction centre of the Board
was set up at Puttady Spice Park, Kerala, in 2011.
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The small cardamom production during 2015-16 was 22,000 tons registering the highest production
in India. The country exported 5,500 tons of small cardamom valued at `450 crore during 2015-16.
Development and marketing interventions of the Board has led to the quantum increase in
production and export of small cardamom, he pointed out.
The Board chairman hoped that recent initiatives such as the new e-auction centre; implementation
of GAP (Good Agricultural Practices), judicious use of pesticides, application of bio-inputs and
better grading would go a long way in assisting the cardamom industry and promoting consumption
of the spice.
Source: http://www.thehindubusinessline.com
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Market Dynamics Another quiet month in the spice trade. This could almost be a permanent header these days and with Ramadan running through June it is unlikely that our next report will record much activity either.
Pepper – That said, in pepper, prices suddenly took off in Vietnam in May and rose over
USD300/tonne. According to a recent report from Nedspice the sudden move was the result of a
combination of renewed buying interest from China and a strategic withdrawal from the market by
the farmers to hold back stocks for later in the season. The harvest finished slightly early in April,
which may not do the quality any good, and having sold a good portion the pepper growers are in a
position to hold back for a while. With Indonesia and Brazil still to come stocks in Europe are
declining to anxious levels.
The IPC have reported producer prices as follows:
(Indicative prices as received by growers. Based on information received from regional reporters)
Source: IPC Weekly Prices Bulletin data
Ginger – The decline in Chinese prices continued and this pressed Nigeria downwards too.
Reduced consumption in the catering and hospitality sector in China seems to have left a surplus in
the market.
Chilies – Still no word on the Malawian crop.
Pimento – Further downward drift in prices as the old stock is cleared.
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Vanilla – Almost all the Uganda crop is being harvested very early, so cured bean quality will be
very low. Beans are only now becoming fully mature but there will be little left to harvest. The
harvest in the Comoros Islands also started early, and will be finished in to weeks or so – when the
harvest would normally be expected to start. As a result, cured bean quality will also be reduced
from the normal very high standards traditionally expected from the Comoros. It is not yet clear
how extensive early harvesting will be in Madagascar - the dominant production origin. The
Government and industry in Madagascar had taken a number of steps to try to prevent early
harvesting. How successful these have been will become clear at the end of the season, in
August/September. Meanwhile the market moves further away from reality.
Herbs – The new season’s harvest should start off fairly soon. Marjoram and basil are among the
first to be harvested in Egypt. Marjoram is already drifting down in price.
15 Market Insider
Spices
Prices in the market place
Spices
All prices are quoted in US$/Kg
MARKET → USA JAPAN EUROPE
PRODUCT GRADE PRICE GRADE PRICE GRADE PRICE
This Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year Ago
Black Pepper
Spot 550g/l 11.79 11.79 10.80 Sarawak 9.90 10.20 11.00 Sarawak
Mal MG1 Mal MG-1 12.90 11.50 11.80 FAQ 550g/l 9.75 8.95 10.70
FAQ 500g/l 10.32 10.32 10.69 Lampung FAQ 500g/l 8.75 8.80 9.80
Steam treated 550g/l
Brazil
White Pepper
Muntok FAQ spot 15.10 15.10 15.21 Muntok 15.50 16.00 15.80 Muntok FAQ spot 13.56 12.50 14.60
Sarawak 15.30 16.50 15.50 Steam treated Muntok spot
Vietnam Vietnam 12.75 12.00 14.60
Aniseed Whole China star
Vietnam Star
Turkish/Syrian 4.37 4.37 4.63 Syrian /Spanish 3.35 3.35 3.41
Caraway Canadian 3.64 3.64 3.09 FAQ
Dutch European 3.69 3.35 2.03
Cardamom Bold 17.64 17.64 15.98 India AGS1 MYQ 4.82 4.60 5.50
Seed 9.70 9.70 India AGS Bold 10.39 11.31
16 Market Insider
Spices
MARKET → USA JAPAN EUROPE
PRODUCT GRADE PRICE GRADE PRICE GRADE PRICE
This Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year Ago
Cassia
Korintji B 3.00 ML/SVO
n/a n/a 2.03 China whole 3.70 3.70 3.70 Korintji B Br & Cl 2.04 1.70 2.85
Vera C/W AA n/a n/a 4.19 China broken 3.50 3.50 3.50 Vera AA 3.69 3.92
Vietnamese 5ML/SVO
Vietnam QNV 3.80 3.80 3.80
Celery Indian spot 2.34 2.34 1.98 Indian Indian 99% n/q
Chili Indian S4 3.86 3.86 2.91 Indian Sanna S4 grade
Malawi n/a n/a 3.97 Chinese African Bird’s Eye n/q n/q 5.50
Cinnamon Ceylon H2 n/a n/a 12.02 Sri Lanka C5 SP Sri Lanka c5 cut n/q
Cloves
Sri Lanka hand picked
19.29 19.29 19.29 Madagascar 10.00 10.00 12.20 Comores / Madagascar
9.65 9.49 10.97
Comores/ Mada 11.79 11.79 12.68 Zanzibar n/a 13.00
Indo stems
Coriander Bulgarian 1.54 1.54 1.98 98% East European 0.96 0.90 1.88
Canadian
Cumin
Turkish 3.28 3.28 3.75 Iranian 99% 2.80
Syrian Syrian 99% 2.80
Indian Indian Indian 99% 3.18
Dill Indian 1.98 1.98 1.81 Indian 99% n/q
Fennel Fancy Egyptian 2.54 2.54 2.54 Egyptian99%
Indian ASTA 2.09 2.09 1.81 Indian Indian 99% 1.87 1.99
Fenugreek Indian 99% 1.54 1.54 Indian 99% 0.96 1.11 0.62
17 Market Insider
Spices
MARKET → USA JAPAN EUROPE
PRODUCT GRADE PRICE GRADE PRICE GRADE PRICE
This Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year Ago
Garlic
Ch. Powder n/a n/a 2.98 Flakes 4.50 4.70 2.00
Ch. Granulated n/a n/a 3.26 Powder 4.03 3.92 1.30
Granules 5.39 4.83 2.70
Ginger
Cochin n/a n/a 5.73 Cochin Cochin n/q
Chinese sliced Chinese sliced Chinese sliced 3.35 4.00 4.90
Chinese peeled 4.08 4.08 5.71 Chinese whole Chinese peeled 3.97 4.50 5.20
Nigerian 3.53 3.53 3.64 Nigerian 2.85 3.10 3.50
Mace Papua broken 24.25 24.25 25.90 Siauw whole 19.50 19.50 18.50 PNG Broken 11.60 13.50 11.50
W Indian 10.60
Mustard
No 1 Yellow Canadian
1.85 1.85 1.57 Ukraine Yellow 0.82 0.77 1.26
Brown oriental 1.65 n/a 1.54 Ukraine Brown 1.00 1.00 1.21
Nutmeg
E.I. ABCDs 16.75 16.75 18.08 Indo 110's 17.00 17.00 17.50 Indonesian SS 12.77 11.75 11.50
E.I. SS 13.18 13.18 WI 110's
EI ABCDs 13.11 12.90
Onion Egypt pow Powder 1.70 1.88 2.38
India pow Flakes 1.82 2.10 3.03
Paprika
Spanish 120 ASTA
4.37 4.37 5.18 Chinese 100ASTA 1.87
Spanish visual Spanish 80 ASTA n/q 1.88
Hungarian 7.05 7.05 7.17 Hungarian 100 ASTA
n/q
Peru ASTA 4.30 4.30 3.39 Peru HT90 ASTA n/q 1.88
18 Market Insider
Spices
MARKET → USA JAPAN EUROPE
PRODUCT GRADE PRICE GRADE PRICE GRADE PRICE
This Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year
Ago This
Week 2 Month
ago 1 Year Ago
Pimento Mex/Guatemala 4.37 4.37 5.07 Mexican 5.00 5.00 5.25 Mexico 3.12 3.30 4.00
Jamaica 11.79 11.79 11.57 Jamaica Jamaica 9.60 11.00 n/a
Poppy Turkish 3.09
3.09
2.60 Dutch 2.33 2.44 3.03
Sesame
Indian Natural Indian natural 1.70 1.48
Indian hulled 2.09 2.09 2.54 Indian Hulled 1.53 1.65 2.25
Turmeric
Alleppey 5% curcumin
3.48 3.48 3.53 Madras fingers 2.80 2.80 2.15 Madras fingers n/q
Powder n/a n/a Alleppey fingers Powder 2.04 1.97
Vanilla!
Bourbon 200-300 100-200 53 - 63 Extract/ Gourmet 200-300 100-200 55 / 65 1 Vanilla – the prices given here are indicative of the value of bulk sales at origin. Selling prices within Europe are substantially higher as they reflect much smaller quantities that may be specially packaged.
19
Prices in the market place
Herbs
All prices are quoted in US $/Kg
USA EUROPE
PRODUCT GRADE PRICE GRADE PRICE
This Week
2 Month Ago
1Year Ago
This Week
2 Month Ago
1Year Ago
Basil
Egyptian FAQ 2.76 2.76 Egypt 3.69 3.52
Egyptian Extra Fancy 2.54 Egypt fines 10.70
9.80
Bay leaves
Turkish Fancy/HPS 6.50 FAQ HPS
6.98 11.18
6.99 11.19
14.60
Turkish semi select 4.08 3.73 Turkish
semi-select 14.60
3.73
Chervil 15.32 German 8.57 8.47 3.41
Dill weed
Egyptian 4.96 4.08 German 8.91 8.92 2.03
Californian 4.08
Marjoram Egypt Fancy 3.28 3.64 Egypt 3.75 4.26 5.50
3.64
Mint
Spearmint 6.06 6.50 Egyptian 3.75 3.75 2.85
6.50
Oregano Turkish30#
FAQ 4.30 3.31 Turkish 4.03 4.03
Parsley
Israeli 3.31 n/a 7.00 European
2mm 5.90 5.63
USA 7.00 n/a 8.16
Rosemary Morocco 8.16 2.47 2.09 Morocco 5.50
Spanish 2.09 Spanish 2.21 2.22
Saffron Spanish 2,315 Iranian 3,073 3,073
2,315
Sage Albanian 4.08 4.08 Turkish 6.02 5.40 10.97
4.08
Savoury Albanian 3.26 3.30 German 4.09 4.32
3.30 1.88
Tarragon Spanish 25.24 4.08 French 20.15 20.17
4.08
Thyme Spanish 3.95 3.64 Spanish 3.24 2.80
Moroccan 3.64 Moroccan 3.23
20
Statistical information and related resources
All statistics sourced UN COMTRADE (http://comtrade.un.org/)
Spice exports from India
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Events Event Start Date End Date Country City URL
Free From Food Expo 09/06/2013 10/06/2016 Netherlands Amsterdam http://www.freefromfoodexpo.com/
Food Ingredients India 22/08/2016 24/08/2016 India New Delhi http://www.figlobal.com/india/home/
44th Annual Meetings of the
International Pepper Community 08/08/2016 11/08/2016 Indonesia Jakarta http://www.ipcnet.org/session44/index.php
Food Ingredients South America 23/08/2016 25/08/2016 Brazil Sao Paulo http://www.figlobal.com/southamerica
Speciality & Fine Food Fair 04/09/2016 06/092016 UK London http://www.specialityandfinefoodfairs.co.uk/
Food Ingredients Asia 21/09/2016 23/09/2016 Indonesia Jakarta http://www.figlobal.com/asia-indonesia/
SIAL 16/10/2016 20/10/2016 France Paris https://www.sialparis.com/
International Spice Conference 12/02/2017 14/02/2017 India Kovalam http://www.internationalspiceconference.com/
IFE 19/03/2017 22/03/2017 UK London http://www.ife.co.uk/
ASTA Annual Meeting 23/04/2017 26/04/2017 USA Austin TX http://www.astaspice.org/
28 Market News Service
Spices