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Market Insider SPICES MARKET INSIDER
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Page 1: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

Market Insider

SPICES MARKET INSIDER

Page 2: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

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/itc/market-insider http://www.marketinsider.org

@ITCMktInsider Copyright © Market Insider/ITC 2016. All rights reserved

Page 3: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

INDEX SPICES NEWS AND UPDATES ......................................................................................................... 3 MARKET DYNAMICS ......................................................................................................................... 8 PRICES IN THE MARKET PLACE ..................................................................................................... 9

Spices .............................................................................................................................................. 9 PRICES IN THE MARKET PLACE ...................................................................................................13

Herbs .............................................................................................................................................13 STATISTICAL INFORMATION AND RELATED RESOURCES ......................................................14 EVENTS .............................................................................................................................................18

Page 4: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

3

Spices News and Updates

Kalsec and Shahmeer International Expand in Middle East to Grow Food Ingredient Business in Pakistan

Kalsec® announces Shahmeer International, one of the largest marketers and distributors of specialty chemicals and food ingredients in Pakistan, as their new Channel Partner in the Pakistani food market. Shahmeer’s team of food specialists and technologists cover all areas in Pakistan and are supported by significant logistics capabilities and a state-of-the-art food applications facility. “Shahmeer International’s customer relationships and vast experience in the food industry is an ideal complement to the Kalsec range of products,” says Aaron Wheadon, executive director for Europe, Middle East and Africa for Kalsec®. Kalsec is the leading global producer of natural spice and herb flavor extracts, natural colors, natural antioxidants, and advanced hop products for the food and beverage industry. For more than 50 years, Kalsec has consistently delivered high-quality, innovative ingredient solutions that make products look better, taste better and last longer. Operating in over 70 countries, Kalsec is headquartered in Kalamazoo, Michigan, with facilities in the United States, Europe and Asia. For more information, visit www.kalsec.com Founded in May 2004, Shahmeer International is one of the largest marketers and distributors of specialty chemicals and ingredients in Pakistan with a keen focus on technical service, customer support, environmental awareness, health, and safety. Shahmeer International develops optimal solutions for different products in partnership with its customers and provides a high level of professionalism and comprehensive services in supply chain management from transportation, documentation, warehousing, sales and distribution. For more information, www.shahmeerint.com Source: Kalsec press release

Kalsec achieves organic certification

Kalsec, Inc. announced that its Denver City, TX plant has achieved organic certification by Oregon Tilth Certified Organic (OTCO), a leader in organic certification. Kalsec’s Kalamazoo, Michigan manufacturing facility was organic certified by OTCO in 2015. The certification meets the United States Department of Agriculture (USDA) National Organic Program (NOP) and European Union standards. “Achieving these organic certifications allows Kalsec the ability to expand our naturally-sourced ingredient portfolio to meet the increasing demand for cleaner label ingredients. This is an accomplishment of which all of our employees can be proud,” said Scott Nykaza, president and chief operating officer. According to Innova Market Insights, almost one of ten global new packaged food and beverages made an organic claim last year. The Organic Trade Association indicated sales of organic food and non-food products in the United States broke through another record in 2014, totaling $39.1 billion, up 11.3 percent from the previous year. Kalsec’s Denver City, TX facility specializes in the cultivation, harvest, dehydration and extraction of paprika, rosemary and carrot, as well as specialty herbs and spices. The facility leads the industry in innovative natural ingredient and sustainable processing practices with the manufacture of expeller pressed spice and herb extracts. Included in the expeller pressed product line are specialty pepper extracts such as ancho, capsicum, cayenne, chipotle, ghost, guajillo, habanero, jalapeno and pasilla. Kalsec is the leading global producer of natural spice and herb flavor extracts, colors, antioxidants, and advanced hop products for the food and beverage industry. For more than 50 years, Kalsec has consistently delivered high-quality, innovative ingredient solutions that make products look better, taste better and last longer. Kalsec is headquartered in Kalamazoo, Mich., with facilities in the United States, Europe and Asia.

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Outlook for fenugreek and coriander

Indian spice manufacturer and exporter Virdhara International reported briefly on the outlook for fenugreek and coriander for 2016. On coriander Virdhara say “Indian Coriander Seeds are well known worldwide for their best quality in terms of high purity, pungency and taste. Coriander Seeds New Crop 2016 sowing in India is mostly completed before 15 days in large acreage comparing to last year and since sowing is going on the accurate sowing figures will be available around 1st week of January 2016 The present weather is favorable to coriander seeds which if remains steady until harvest which will result in bumper yield as well as good quality for coriander seeds Above report is estimation from our view point and looking to the previous year record high prices farmers are motivated to sow coriander seeds. New Crop of Coriander Seeds is expected to arrive in market around 1st week of March 2016”. On fenugreek Virdhara note “Indian Fenugreek Seeds are well known worldwide for their best quality in terms of high purity, pungency and taste. Fenugreek Seeds New Crop 2016 sowing in India is mostly completed before 15 days in large acreage comparing to last year and since sowing is going on the accurate sowing figures will be available around 1st week of January 2016 The present weather is favorable to fenugreek seeds which if remains steady until harvest which will result in bumper yield as well as good quality for fenugreek seeds Above report is estimation from our view point and looking to the previous year record high prices farmers are motivated to sow fenugreek seeds. New Crop of Fenugreek Seeds is expected to arrive in market around 1st week of March 2016” Source: http://www.virdhara.com/blog/

Karnataka leads Indian pepper production

Spice Market News reports that Karnataka has dethroned Kerala as the leading producer of pepper, accounting for almost 50 per cent of the production in the 2014-15 crop year. Of the estimated all-India pepper production of 70,000 tonnes, Karnataka’s share was 33,000 tonnes while that of Kerala was 28,000 tonnes during the period. In 2013-14, the figure was 16,000 tonnes and 20,000 tonnes respectively. Official sources in the Spices Board attributed rising prices of pepper and fluctuation in coffee rates as reasons to incentivise farmers in Karnataka to take up pepper as an adjunct crop. Moreover, Karnataka planters have been taking lot of initiatives in stepping up pepper production and have set up plans to adopt the Vietnamese method of exclusive mono-crop of pepper cultivation. Spice Market News point out that in Vietnam, pepper is grown exclusively as a mono-crop with very high density planting on wooden poles, concrete pillars or brick pillars. As of now, many farms in Karnataka have been trying this method and planters feel that this model can be emulated in the coffee estates, the sources said. A 25-member planters’ delegation from Karnataka visited the exclusive pepper growing areas of Vietnam recently as part of their field visits to the coffee and pepper growing regions. The report continues that according to its sources, pepper production in Kerala has almost halved in the last few years. In 2008-09, the State produced over 41,000 tonnes on 1.75 lakh hectares and was the single largest producer along with few tracts of Karnataka and Kanyakumari and Dindigul districts in Tamil Nadu. However, diseases such as quick wilt had contributed to production loss in

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Kerala. The major issue that is crippling progress is the total shortage of quality planting material, presence of small and marginal holdings, existence of senile and unproductive vines and pest and diseases. All these hold good for the current situation in Kerala, sources said. Source: http://spicemarketnews.com/2015/12/karnataka-pips-kerala-to-become-top-pepper-producer/

Firmenich joins Livelihood Fund to secure sustainable sourcing

The historic global climate agreement struck at the 21st Conference of Parties (COP21) last month in Paris sent a strong signal to governments, as well as to the private sector and civil society, of the need for more green investment and innovative models. The Livelihoods Fund for Family Farming (Livelihoods 3F) is a concrete example of one such model that tackles environmental degradation, poverty and development, all while taking action to prevent climate catastrophe. Firmenich, the largest privately owned company in the fragrance and flavor business, and Veolia, the global leader in resource management that provides water, waste and energy solutions, announced today that they would join this fund, which allows business to play its part alongside government in preserving our planet. The challenge facing world agriculture today is to produce enough to meets the demands of our growing population despite the depletion of natural resources. Climate change impacts the food chain through pressures on natural ecosystem services essential for agriculture and water cycles. It also impacts the livelihoods of the 500 million smallholder farmers who produce raw materials. Launched in February 2015 with founding investors Danone and Mars, Incorporated, the fund aims to help companies sustainably source natural materials from smallholder famers while delivering large-scale social and economic impact to those farmers. Livelihoods 3F will invest 120 million euros in its first phase to convert 200,000 farms to sustainable farming across Africa, Asia and Latin America. It will provide upfront financing and technical support to NGOs/farmers’ cooperatives that will implement projects in the field. For Firmenich, the sustainable sourcing of ingredients from nature like vanilla, patchouli or mint is vital to its business. “Firmenich partners with smallholder farmers around the world to protect the best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief Executive Officer of Firmenich. “Investing in the fund gives us the opportunity to scale up the impact of our responsible sourcing, building on the fund’s extensive network of likeminded NGOs and corporate partners.” Veolia provides circular economy based solutions that enable the preservation of water resources and soil quality. It supports climate change mitigation, food security and helping farmers become more resilient. “Livelihoods 3F offers Veolia the opportunity to support high impact. and empowering projects, sponsored by a community of local and international stakeholders,” says Antoine Frérot, Chairman and Chief Executive Officer of Veolia. “Veolia will support Livelihoods 3F thanks to its worldwide know-how on water management and natural resources conservation and will have the opportunity to continue to work, through this coalition, on sustainable farming and watershed management challenges.” Livelihoods 3F will operate as a mutual investment fund with shared risks and results-based returns. Financial return for the fund’s investors will be provided by a coalition of private and public third party companies, public utilities, governments, development institutions, etc. that will purchase the goods and positive impacts (such as carbon credits or water savings) generated by the projects. Livelihoods’ public-private multi-actor coalition minimizes risks and decreases costs to each of its partners and provides a platform for knowledge exchange. “Livelihoods 3F is an open investment fund. All businesses that want to source agricultural and natural goods in a sustainable way are encouraged to join us to increase the breadth of our learning and impact” says Bernard Giraud, President of Livelihoods Venture, the company that conceived the fund’s original idea and is now running it with its corporate partners.

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Livelihoods 3F is set to launch its first project in 2016. It is actively structuring projects around key crops threatened by climate change like milk, vanilla, mint, cocoa and sugar. Source: Press release from Livelihoods Fund for Family Farming http://www.livelihoods.eu/press-release-firmenich-and-veolia-join-the-livelihoods-fund-for-family-farming/

Ginger or mint? Older people like them

Researchers at the Wageningen UR (University & Research centre) have published a report in the international journal Food Quality and Preference on their studies into taste preferences between young and old consumers. These can be very different - something to keep in mind when developing new products. The team of researchers from Wageningen UR in the Netherlands, let a group of over 65s and a group aged around 30 taste three types of gingerbread (normal, wholegrain, and ginger flavour) and chocolate (milk, dark, and mint). For each product, the Dutch participants indicated how much they liked it and to what extent it evoked positive or negative emotions. Participants evaluated the products monadically in the sensory labs at Wageningen UR. All tastings were ‘blind’. Positive feeling The elderly liked both gingerbread ginger flavour and mint chocolate significantly better than young people, and expressed positive emotions, such as pleasant, happy and excited. Interestingly, in the younger group, these products evoked the negative emotion ‘disgusted’. In general, when participants - both young and old - liked a product, they reported more-positive feelings; the less they liked it, the more-negative the feelings. The researchers speculate that the elderly have such positive associations with ginger and mint because these flavours may remind them of the past. Product development The study underlines the importance of target group segmentation in product development. "Product developers may want to tailor the taste of their product to their target age group - whether it is a protein drink, a protein-rich meal or a vitamin D supplement," says den Uijl. Two age groups This research focuses on younger people (80 in total and, on average, 29 years old), and over 65s (154 in total and, on average, 69 years old). The elderly, one half with a good sense of smell and the other half with an impaired sense of smell, were members of Wageningen UR’s SenTo panel of older consumers. This gave the researchers unique insights into taste preferences and product experiences of younger and older consumers. About the publication The publication ‘Emotion, olfaction and age: A comparison of self-reported food-evoked emotion profiles of younger adults, older normosmic adults, and older hyposmic adults’, was published in the international scientific journal Food Quality and Preference in 2015. The study is part of the doctoral research of Louise den Uijl, which focuses on the tailoring of protein-rich foods to elderly subgroups. About the SenTo panel The SenTo consumer panel (SenTo: Dutch abbreviation for Seniors of the Future) of Wageningen UR gives insight into the food needs and wishes of seniors, facilitating development of tailored products. This way the chance of products to succeed in the market increases. The 800-plus SenTo participants are independently-living seniors between 55 and 93 years of age, with varying levels of education, and all with access to the internet. They regularly complete questionnaires about their health, their weight, and their social lives. The sensory performance - taste and smell - of the majority of the panellists has been tested. SenTo’s composition - in terms of size and composition - is unique in Europe, which makes it possible to address a broad range of questions about older subgroups. Source: Press release http://www.wageningenur.nl/en/newsarticle/Ginger-or-mint-Older-people-like-them.htm

Indian dry ginger prices under pressure

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The Financial Express reports that ginger prices are under pressure due to good arrivals and tough competition from China. With Indian dry ginger prices at a premium of $ 500 per tonne at $ 2700, exports from the country are lower than last year. “Indian exports were good in the first two quarters, but now we are facing stiff competition from China and Nigeria. Nigeria is quoting $ 2100 per tonne and China is selling at $2200 .We expect Indian market to decline as arrivals increase in the coming days. The production is good in the current crop season,” Ramalingam Vishwanath of GRK Traders told FE. The Chinese crop, which comes to the market in December, is said to be higher than normal, Ramalingam added. According to Spices Board data, India exported 10,950 tonne of the commodity during April-September period of 2015 as against 8,650 tonne for the corresponding period of 2014. The unit price of export in 2015 stands at R138.05 per kg as against R110.94 in the previous year. Board records show that Indian ginger is priced at $5.73 per kg in the New York market compared to $ 4.59 per kg for Chinese whole peeled ginger. Arrival of fresh ginger is good in most of the markets and the production is good according to reports, KS Mohanan, a leading trader from Wayanad said. “New areas have come under ginger farming in Karnataka. The production in Wayanad would be lower but farmers from Wayanad have spread out to neighboring states in search of new farmlands,” he added. Source: http://www.financialexpress.com/article/markets/commodities/ginger-under-pressure-on-good-arrivals/194211/

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Market Dynamics 2016 spice trade opened quietly. Markets were generally calm in pointed contrast to the abysmal activity on global stock markets, the flailing oil prices and the otherwise generally fearful news and views on the pace of global economic growth. Pepper – The market is still bearish in tone, but there was little activity in the opening weeks of 2016 with the lunar new year holidays in early February. White pepper moved downwards from $13,700/tonne to $12,600/tonne FOT while black pepper eased from $9300 t0 $8900 / tonne. The pesticide issue, especially from Vietnam is still reported to be a major problem within Europe. However, with the USA and other markets not applying the same stringent regulations there is little pressure for reform at origin. 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

Cardamoms - MYQ quality are firmer and moved up from EUR4.15kg($4628) to EUR5.10($5681) FOT Chilies – Bird’s eye still in very short supply with relief still a couple of months away. There is a big anomaly in the pricing however with European trade suggesting prices over USD15/kg (though how much material is really available?) whereas the quotes from the US trade are down below USD4/kg. We will look into this in more detail. Cloves - Madagascar whole cloves CG3 quality have also moved up from EUR8.10 ($9023)kg to EUR8.25($9191) FOT Ginger - The Nigerian crop is now in and the market has moved lower. The shipment price is $2350mt CFR MEP with spot sellers still looking for $2840mt FOT. Spot whole Chinese ginger has dropped from $4734mt down to $4177mt FOT. There are still major problems with SO2 in Chinese ginger with a wide premium for low SO2. Pimento - price has dropped slightly from $3453mt to $3398mt FOT

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9 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 9.92 10.47 12.12 Sarawak 10.00 11.10 Sarawak

Mal MG1 Mal MG-1 11.40 13.00 12.00 FAQ 550g/l 8.90 9.20 9.70

FAQ 500g/l 9.70 10.25 11.02 Lampung FAQ 500g/l 8.55 8.90 9.50

Steam treated 550g/l

Brazil

White Pepper

Muntok FAQ spot 14.99 15.21 15.43 Muntok 16.50 16.50 15.00 Muntok FAQ spot 12.60 13.95 14.20

Sarawak 17.00 17.00 Steam treated Muntok spot

Vietnam Vietnam 12.60 14.00

Aniseed Whole China star

Vietnam Star

Turkish/Syrian 4.63 4.63 4.80 Syrian /Spanish 3.22 3.27 3.40

Caraway Canadian 3.75 3.70 2.50 FAQ

Dutch European 3.11 3.10 2.03

Cardamom Bold 15.32 15.98 15.99 India AGS1 MYQ 5.68 4.52 5.20

Seed 9.70 9.81 India AGS Bold 11.70 12.05

Page 11: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

10 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

2.01 1.98 2.90 China whole 3.70 3.70 3.70 Korintji B Br & Cl 1.72 1.87 2.85

Vera C/W AA 4.01 4.01 5.00 China broken 3.50 3.50 3.50 Vera AA 3.82 3.82

Vietnamese 5ML/SVO

Vietnam QNV 3.80 3.80 3.80

Celery Indian spot 2.43 2.43 1.95 Indian Indian 99%

1.95

Chili Indian S4 3.53 3.53 2.60 Indian Sanna S4 grade

Malawi 3.97 3.97 5.50 Chinese African Bird’s Eye n/q 10.00 5.50

Cinnamon Ceylon H2 11.79 11.79 12.00 Sri Lanka C5 SP Sri Lanka c5 cut

Cloves

Sri Lanka hand picked

18.19 18.19 20.40 Madagascar 10.00 10.50 12.20 Comores / Madagascar

9.19 5.83 12.48

Comores/ Mada 11.79 11.79 14.50 Zanzibar n/a n/a 13.00

Indo stems

Coriander Bulgarian 1.65 1.65 1.85 98% East European 0.87 0.85 1.88

Canadian 2.09

Cumin

Turkish 3.26 3.26 2.80 Turkish 98% 2.80

Syrian 3.50 Syrian 99% 3.11 3.00

Indian Indian Indian 99%

Dill Indian 1.76 1.76 1.77 Indian 99%

Fennel Fancy Egyptian 2.60 2.60 2.55 Egyptian99%

Indian ASTA 2.43 2.43 2.30 Indian Indian 99%

Fenugreek Indian 99% 1.72 1.72 1.59 Indian 99% 1.42 1.42 0.62

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11 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 3.64 3.26 2.60 Flakes n/a n/a 2.00

Ch. Granulated 3.86 3.70 2.80 Powder 2.99 2.42 1.30

Granules 3.76 3.30 2.70

Ginger

Cochin 5.73 5.73 5.29 Cochin Cochin

Chinese sliced Chinese sliced Chinese sliced 4.70 4.74 4.60

Chinese peeled 4.12 5.25 4.96 Chinese whole Chinese peeled 4.18 4.75 5.00

Nigerian 3.42 3.53 3.00 Nigerian 2.40 3.11 2.70

Mace Papua broken 25.90 25.90 32.00 Siauw whole 19.00 18.00 22.50 PNG Broken n/a n/a 14.75

Indonesian

Mustard

No 1 Yellow Canadian

1.74 1.74 1.57 Canada Yellow 0.74 0.79 1.26

Brown oriental 1.54 1.54 1.55 Canada Brown 1.08 1.08 1.21

Nutmeg

E.I. ABCDs 15.98 15.98 20.39 Indo 110's 16.00 15.00 19.50 Indonesian SS 11.75 11.75 13.50

E.I. SS 14.11 14.11 WI 110's

EI ABCDs 12.75 12.50 13.75

Onion Egypt pow Powder 2.29 2.29 2.38

India pow Flakes 3.03

Paprika

Spanish 120 ASTA

3.55 4.63

Spanish visual Spanish 80 ASTA

Hungarian 7.17 7.17 6.80 Hungarian 100 ASTA

Peru ASTA 3.39 3.39 3.40 Peru HT90 ASTA

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12 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 4.63 4.63 4.00 Mexican 5.00 5.00 5.25 Mexico 3.38 3.38 4.00

Jamaica 12.89 12.89 Jamaica Jamaica 10.74 10.74

Poppy Dutch Turkish

2.38

2.54

2.80

Dutch 2.34 2.34 3.03

Sesame

Indian Natural Indian natural 1.36

Indian hulled 1.89 1.94 2.58 Indian Hulled 1.69 2.25

Turmeric

Alleppey 5% curcumin

3.31 2.54 3.53 Madras fingers 2.80 2.80 1.90 Madras fingers

Powder 2.32 Alleppey fingers Powder 1.91 1.91

Vanilla!

Bourbon 90-150 90-150 53 Extract/ Gourmet 90-150 90-150 45/ 55 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.

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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 2.51 2.51 3.09 Egypt 3.38 3.38 3.25

Egyptian Extra Fancy Egypt fines

Bay leaves

Turkish Fancy FAQ HPS

6.43

6.77 10.46

Turkish semi select 4.29 3.73 3.86 Turkish semi-select

9.76 11.09

Chervil German 8.12 8.12 8.79

Dill weed

Egyptian 4.08 4.08 4.07 Cut 8.56 8.56 2.60

Californian

Marjoram Egypt Fancy 3.53 3.53 3.86 Egypt 4.09 4.09 4.66

Mint

Spearmint 4.12 4.12 6.50 Egyptian 3.71 3.71 4.13

Oregano Turkish30# FAQ

2.64 3.31 2.64

3.31 Turkish 3.76 3.87 4.54

Parsley

Israeli 7.01 7.00 7.00 European 2mm

5.40 5.40 6.02

USA 8.16 8.16 8.16

Rosemary Morocco 2.09 2.09 2.09 Morocco

Spanish Spanish 2.07 2.34 2.30

Saffron Spanish 2,535 2,315 2,315 Iranian 2,965 2,500 2,300

Sage Albanian 4.08 4.08 4.30 Turkish 5.18 5.18 5.49

Savoury Albanian 3.30 3.30 3.30 German 4.14 4.14 4.07

Tarragon Spanish 24.14 24.14 27.56 French 19.35 19.35 20.95

Thyme Spanish 4.08 4.08 4.08 Spanish 2.94 3.11 3.36

Moroccan 3.85 Moroccan

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Statistical information and related resources All statistics sourced UN COMTRADE (http://comtrade.un.org/ ) Global Imports of spices from sub-Saharan Africa

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NB: Data from vietnam missing

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Events Event Start Date End Date Country City URL

BioFach 10/02/2016 12/02/2016 Germany Nuremberg http://www.biofach.de/

Gulfood 2016 21/02/2016 25/02/2015 UAE Dubai http://www.gulfood.com/

World Spice Congress 27/02/2016 29/02/2015 India Ahmedabad http://www.worldspicecongress.com/

Ingredients Russia 01/03/2016 04/03/2016 Russia Moscow http://www.ingred.ru/

ASTA Annual Meeting 10/04/2016 13/04/2013 USA Scottsdale http://www.astaspice.org/

Natural & Organic Products Europe 17/04/2016 18/04/2016 England London http://www.naturalproducts.co.uk/

International Symposium on Advances in Lamiaceae Science

22/04/2016 25/04/2016 Turkey Antalya http://www.lamiaceae2016.org/

Alimentaria Barcelona 25/04/2016 28/04/2016 Spain Barcelona http://www.feriasalimentarias.com/main/oblea.asp?id_feria=78

SIAL China 05/05/2016 07/05/2016 China Shanghai http://www.sialchina.com/

Food Ingredients Vietnam 18/05/2016 20/05/2016 Vietnam Saigon http://www.figlobal.com/vietnam/home

Int'l Food Ingredients & Additives Exhibition and Conference

18/05/2016 20/05/2016 Japan Tokyo http://www.ifiajapan.com/2016/jp/index.html

Afro Food Exhibition 26/05/2016 29/05/2016 Egypt Cairo http://afrofood.net/industry/

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/

Page 20: Market Insider SPICES MARKET INSIDER · 2016-03-23 · best that nature can offer, while sharing its expertise to positively improve their livelihoods,” says Gilbert Ghostine, Chief

19 Market News Service

Spices


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