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Market Insider SPICES MARKET INSIDER
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
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INDEX SPICES NEWS AND UPDATES ........................................................................................................ 1 MARKET DYNAMICS ......................................................................................................................... 5 PRICES IN THE MARKET PLACE ..................................................................................................... 6
Spices .............................................................................................................................................. 6 PRICES IN THE MARKET PLACE ................................................................................................... 10
Herbs .............................................................................................................................................10 STATISTICAL INFORMATION AND RELATED RESOURCES ...................................................... 11 EVENTS ............................................................................................................................................ 19
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Spices News and Updates
Subsidy scheme from Indian Spices Board According to The Hindu Business Line, the Spices Board has launched a raft of measures to support farmers by offering various subsidies and sensitise them on the need to enhance the quality of spices through post-harvest improvement techniques. The Board also decided to provide financial assistance to farmers for irrigation, land development, mechanisation, replanting, soil conservation and organic farming of various spices, mainly small cardamom. It will also give financial aid to them for purchasing modern irrigation and farming equipment and tools. The Board Chairman A Jayathilak said in a statement that the initiatives are part of the Board’s 12th Plan to improve export-oriented production of small cardamom and post-harvest improvement of other spices across spice-growing regions in India. The eligibility criteria for availing the benefits are based on land held by the grower and is different for each programme. Under the new schemes, cultivators of small cardamom in Kerala and Tamil Nadu will receive up to INR70,000 (US$1085) for replanting, while farmers in Karnataka will get up to INR 50,000 (US$777). They will also receive aid for planting material production. The Board also gives financial aid to organic farmers for attaining organic certification, maintenance of Internal Control System and purchasing organic inputs and bio-agent production units. Source: Hindu Business Line
Adulterated oregano in the UK A recent study by the Belfast-based Institute for Global Food Security (IGFS) found that 25% of 78 samples of dried oregano bought from a range of retailers contained ingredients other than oregano. The most common adulterants were found to be olive and myrtle leaves and in some cases these were found to make up 30-70% of the product. The samples were bought from a range of retailers throughout and the UK and Ireland and from online sellers too. "Much better controls are needed," said lead author Prof Chris Elliott of the IGFS. The team used a technique called mass spectrometry to identify the make-up of the samples. "Clearly we have identified a major problem and it may well reflect issues with other herbs and spices that enter the British Isles through complex supply chains," said Prof Elliott. Consumers need much better protection "from heavily contaminated products," he added. Prof Elliott blamed the complexity of food supply systems for the problem and suggested a lot of food may not be what consumers think it is
Spices Board promotes exports from North East India
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The Indian Spices Board will promote the organic spices from North Eastern states in global markets in view of Prime Minister Narendra Modi's thrust on rapid and sustainable development of the region. The board will promote in the overseas market spices such as large cardamom and Lakadaong turmeric grown organically in the seven sister states, Spices Board Chairman A Jayathilak said. "Our reach in the region was limited earlier. Thanks to the 'Look East' policy of the government, we have opened offices in last eight months in each and every state in the North East," he said. According to the Board spices grown in North East were supposed to be organic by default and not by design because pesticides and fertilisers were not used in the region and hence they were of high quality and could be exported easily. "In other parts of India, we have to check whether spices are of high quality before export. Only places where we can blindly accept the spices for export is in the North East. Because it is of outstanding quality," he told PTI here. "We can take it without even tasting it. We are trying to say that when you ask for spices you ask for specifically branded...When you sell spices based on a Geographical Indication you can ask for a higher premium," he said. Already GI registration had been obtained for Lakadong Turmeric, which is known to have medicinal qualities, he said. The board chief said Large cardamom was mainly grown in Sikkim and Arunachal Pradesh while black pepper was cultivated in Assam, Meghalaya, Tripura, Nagaland and Mizoram. Ginger, turmeric and chillies are grown in all the NE states. Nadia ginger, having less fibre content, Lakadong/Megha turmeric having high curcumin content and bird's eye chilli and king chillies having high pungency are the important varieties of spices grown in North Eastern Region. Jayathilak said Spices Board was implementing programmes for development of spices particularly on large cardamom and export potential varieties of ginger, turmeric and chillies. As part of the Centre's efforts, officers had been tasked with the job of identifying the best farmers for spices. "We are organising buyer-seller meets with the exporters for the spices. So that they can interact among themselves and get the best spices," he said. Source: The Economic Times http://economictimes.indiatimes.com/
Delayed monsoon impacting southern states’ spice crops The Financial Express reports a shortage in rainfall in the plantation areas of south India for the current South –West monsoon, with the state of Kerala receiving 30% lesser rainfall for the period of 1 June to 14 August , 2015. A number of plantation crops, such as pepper, cardamom, rubber, tea and coffee are highly monsoon sensitive with production directly dependent on the timing and quantum of rain. While too much of rains damage most of the cash crops, too short a monsoon also leads to lower crop production. Idukki district, which has more than 70% of the cardamom plantations, is shorter by 26% from normal. While the rainy days have been few when compared to the normal in Idukki district, the soil
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moisture is seen better as the region had good summer showers, KK Devassia of Cardamom Growers Association said. Cardamom needs low temperature, high humidity and incessant drizzles. Heavy rains could damage the crop, while intermittent rains that keep the atmosphere humid augur well. Rains in July are very critical for cardamom. Cardamom berries shrivel and fall down from the plant with the atmospheric temperature rising from the normal level during the flowering season. However, an extended dry period during the harvesting season could lead to lower productivity, he added. Cardamom has six-seven rounds of pickings starting June-July. Broking agencies like Geofin Comtrade and Angel Commodities report that deficient rains in turmeric growing areas have not only slowed down pace of sowing, but may affect the quality and yield, resulting in a shortage of quality turmeric for the next crop season. Last season, the rain fed areas saw chilli yield decline by 30% as the ground water availability dropped sharply by January. “In India, 40% of chilli crop is monsoon dependent and fluctuates according to the availability of ground water. Chilli crop has to be irrigated and protected till March,” P Ravipati, a chilli farmer from Bellary said. Reports of lower rains in some places of Andhra Pradesh and Tamil Nadu could lead to farmers opting for other crops. Source: http://www.financialexpress.com
A new variant on Madagascan vanilla extract A leading flavour manufacturer, Synergy Flavors, has enhanced its range of vanilla flavours with a new variant of its core Madagascan vanilla extract. The new addition to the vanilla extract range possesses a sweet and creamy taste profile whilst also retaining an authentic beany flavour. Part of a wide range of extracts, flavourings and pastes, the new addition opens up broader application and taste opportunities for Synergy Flavors’ customers in the dairy, bakery and beverage sectors. Synergy Flavors’ entire vanilla range is based on Madagascan vanilla which is a global benchmark for quality and is renowned for its rich, luxurious flavour and aromatic qualities. The new extract, which is ideally suited to dairy desserts, such as trifles, and baked goods, such as cupcakes offers creamy top-notes with sweet, beany tones. Offering an extract label declaration, the product has been developed using Synergy Flavors’ 100 years of vanilla expertise, which combines technology with artistry to create the most authentic vanilla solutions using the finest pods and beans. Using sensory analysis, Synergy Flavors provides customisable solutions for a multitude of applications from cheesecakes and muffins to ice cream and yoghurts. As well as delivering innovative vanilla profiles including creamy, smokey and caramellic varieties, Synergy Flavors’ high impact vanilla range comprises clean label, natural and organic options. The range includes vanilla pastes that offer a luscious, buttery profile and mouthfeel, ideal for bakery applications and frosting, as well as liquid top-notes which enable bespoke profiles for specific customer requirements. Hugh Evans, marketing manager Europe and Asia at Synergy Flavors, commented: “We have fused our analytical and sensory capabilities with modern extraction techniques to produce an unrivalled range of smooth, rich vanilla flavours. This latest addition to our portfolio ensures that we have the profile and format needed for the widest range of applications. Our technical experts assist customers in selecting the right vanilla or combination of profiles to develop winning recipes. With provenance and clean label key considerations for many target applications, our Madagascan vanilla range includes natural liquid top-notes that permit a natural vanilla flavouring declaration.” Synergy Flavors is a leading manufacturer and supplier of flavourings, extracts and essences. The company is part of the Carbery Group based in Cork, Republic of Ireland.
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Market Dynamics Pepper – As the Indonesian harvest moved to a maximum at the outset of August prices drifted off. The Indonesian crop was coming in better than expected. All origins with availability were affected and weakness in the Dong also impacted on Vietnamese prices. But the respite for buyers was short lived and pepper end the month on a firmer note though still below July levels. In the consuming markets, prices weakened by up to 5% but remain exceptionally high. The International Pepper Community (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
August proved to be a quiet month in the spice trade. The northern hemisphere consuming markets scaled back activity for the summer holidays. At origin, there was excitement in the vanilla trade with speculation in Madagascar pushing prices to levels not seen for a few years. At the time of writing there has been little sign of downward pressure. Clove prices have drifted down a little but cumin has strengthened.
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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 11.50 Sarawak 10.80 11.50 12.00 Sarawak
Mal MG1 Mal MG-1 12.30 12.50 14.80 FAQ 550g/l 10.60 11.75 11.75
FAQ 500g/l 10.69 10.69 Lampung FAQ 500g/l 10.00
Steam treated 550g/l
11.00 11.00 Brazil
White Pepper
Muntok FAQ spot
15.65 15.20 15.20 Muntok 16.50 16.50 15.00 Muntok FAQ spot 14.80 14.60 15.40
Sarawak 17.00 17.00 17.00 Steam treated Muntok spot
15.65 15.65
Vietnam 15.20 15.20 Vietnam 14.80 14.60
Aniseed
Whole China star
6.85 6.85 Vietnam Star
6.26
Turkish/Syrian 4.63 4.75 4.78 Syrian 3.33 3.41 4.45
Caraway Canadian 3.20 2.30 2.30 FAQ
Dutch European 2.88 2.03 2.52
Cardamom Bold 15.98 16.75 India AGS1 MYQ 5.20 5.50
Seed 9.37 India AGS Whole, green 18.25
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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
2.03 China whole 3.70 3.70 3.50 Korintji B Br & Cl 1.92 2.85
Vera C/W AA 4.08 4.75 4.75 China broken 3.50 3.50 3.30 Vera AA 5.48
Vietnamese 5ML/SVO
4.30 4.30 Vietnam QNV 3.80 3.80 3.60
Celery Indian spot 2.03 2.00 2.00 Indian Indian 99% 2.52 2.52
Chili Indian S4 3.04 2.55 2.55 Indian Sanna S4 grade
Malawi 3.97 3.95 3.95 Chinese African Bird’s Eye 10.00 5.50 6.38
Cinnamon Ceylon H2 12.02 10.36 10.36 Sri Lanka C5 SP Sri Lanka c5 cut 20.57
Cloves
Sri Lanka hand picked
19.29 20.40 20.40 Madagascar 10.50 12.20 14.00 Comores / Madagascar
9.83 10.97 16.05
Comores/ Mada 11.79 14.35 14.35 Zanzibar 13.00 13.00 15.00
Indo stems
Coriander Bulgarian 1.98
98% East European
1.30 1.88 2.32
Canadian 2.25 2.25
Cumin
Turkish 3.42 2.95 2.95 Turkish 98%
Syrian Syrian 99% 3.10 2.80 4.50
Indian Indian Indian 99%
Dill Indian 1.81 1.77 1.77 Indian 99% 2.50
Fennel Fancy Egyptian 2.54 2.55 2.55 Egyptian99% 3.30
Indian ASTA 2.32 2.30 2.30 Indian Indian 99%
Fenugreek Indian 99% 1.72 1.30 1.30 Indian 99% 1.41 0.62 1.75
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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 3.20 2.65 2.65 Flakes n/a 2.00 3.80
Ch. Granulated 3.62 2.85 2.85 Powder 2.66 1.30 2.75
Granules 3.33 2.70 3.22
Ginger
Cochin 5.73 5.29 5.29 Cochin Cochin
Chinese sliced Chinese sliced Chinese sliced 4.80 4.90 7.30
Chinese peeled 4.74 4.80 4.80 Chinese whole Chinese peeled 5.20 5.20 5.60
Nigerian 3.53 3. 40 3.40 Nigerian 3.03 3.50 2.35
Mace Papua broken 25.90 32.00 32.00 Siauw whole 18.00 18.50 22.50 PNG Broken n/a 11.50
Indonesian 24.85
Mustard
No 1 Yellow Canadian
1.74 1.57 1.57 Canada Yellow 0.79 1.26 1.87
Brown oriental 1.54 1.54 1.54 Canada Brown 0.83 1.21 1.80
Nutmeg
E.I. ABCDs 18.08 18.08 20.39 Indo 110's 15.50 17.50 20.00 Indonesian SS n/a 11.50 29.15
E.I. cracked 16.00 WI 110's 10.00
EI ABCDs 12.71
Onion Egypt pow Powder 2.46 2.38 3.10
India pow Flakes 3.03 3.80
Paprika
Spanish 120 ASTA
4.63 5.18 5.18
Spanish visual Spanish 80 ASTA 3.30
Hungarian 7.17 7.17 6.83 Hungarian 100 ASTA
Peru ASTA 3.39 3.39 2.87 Peru HT90 ASTA
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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 5.07 4.75 Mexican 5.25 5.25 5.00 Mexico 3.90 4.00 5.09
Jamaica 12.89 11.57 8.70 Jamaica Jamaica n/a n/a 6.90
Poppy Dutch Turkish
2.54
2.60 2.75 Dutch 2.25 3.03
Sesame
Indian Natural
Indian hulled 2.32 2.54 Indian Hulled 2.01 2.25
Turmeric
Alleppey 5% curcumin
3.31 3.53 3.53 Madras fingers 2.20 2.20 1.80 Madras fingers 3.80
Alleppey fingers Powder 1.70
Vanilla!
Bourbon 70-100 53-63 Extract/ Gourmet 70-100 50-60 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 2.65 2.76 3.09 Egypt 3.33 3.33 3.65
Egyptian Extra Fancy Egypt fines
Bay leaves
Turkish Fancy FAQ HPS
5.42 11.13
5.42 10.91
Turkish semi select 3.73 3.73 3.86 Turkish semi-select
5.95
Chervil German 8.42 8.42 9.48
Dill weed
Egyptian 4.08 4.08 7.65 Cut 8.20 n/q
Californian 13.90
Marjoram Egypt Fancy 3.53 3.64 3.85 Egypt 4.24 4.63 5.10
Mint
Spearmint 4.12 6.50 6.50 Egyptian 3.95 3.96 4.65
Oregano Turkish 30# 3.31 3.31 6.40 Turkish 4.01 4.35 5.10
Parsley
Israeli 7.00 7.00 7.00 European 2mm
5.60 5.76 6.25
USA 8.16 8.16 8.16
Rosemary Morocco 2.09 2.09 2.10 Morocco
Spanish Spanish 2.32 2.20 2.40
Saffron Spanish 2,315 2,315 2,425 Iranian 2,500 2,500 7,770
Sage Albanian 4.08 4.08 4.30 Turkish 5.25 5.26 6.00
Savoury Albanian 3.30 3.30 3.30 German 4.29 5.37 6.13
Tarragon Spanish 4.08 4.08 27.56 French 20.06 20.06 22.90
Thyme Spanish 4.08 3.64 4.08 Spanish 3.22 3.22 3.55
Moroccan 3.85 Moroccan 3.78
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Statistical information and related resources
All statistics sourced UN COMTRADE (http://comtrade.un.org/ )
Imports of cardamoms to Japan by year and origin
Imports of cinnamon to Japan by year and origin
Imports of cloves to Japan by year and origin
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Imports of coriander seed to Japan by year and origin
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Imports of cumin seed to Japan by year and origin
Imports of dried capsicums to Japan by year and origin
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Imports of fennel and juniper berries to Japan by year and origin
Imports of dried ginger to Japan by year and origin
0
100
200
300
400
500
600
700
2009 2010 2011
ton
nes
Italy
India
China
World
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Imports of mace to Japan by year and origin
Imports of nutmegs to Japan by year and origin
Imports of pepper (crushed or ground) to Japan by year and origin
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Imports of pepper (whole) to Japan by year and origin
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Imports of turmeric to Japan by year and origin
Imports of vanilla to Japan by year and origin
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Imports of anise/star anise to Japan by year and origin
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Events Event Start Date End Date Country City URL
Biofach America 17/09/2015 19/09/2015 USA Baltimore https://www.biofach-america.com/
Fine Food Australia 20/09/2015 23/09/2015 Australia Sydney http://imexmanagement.com/show/138/fine-food-australia-2015/
Food Hospitality World 22/09/2015 24/09/2015 China Guangzhou http://www.fhwchina.com/en/
World of Food India 23/09/2015 25/09/2015 India Mumbai http://www.worldoffoodindia.com/
ANUGA 10/10/2015 14/10/2015 Germany Cologne http://www.anuga.com/anuga/index-2.php
Food Ingredients India 19/10/2015 21/10/2015 India Mumbai http://www.figlobal.com/india/home
Sweets & Snacks Dubai 27/10/2015 29/10/2015 UAE Dubai http://www.sweetsmiddleeast.com/
Food & Hotel China 11/11/2015 13/11/2015 China Shanghai http://www.fhcchina.com/en/index.asp
Natural Products Scandinavia 01/11/2015 2/11/2015 Sweden Malmö http://www.naturalproductsscandinavia.com/
Food Ingredients Europe 01/12/2015 03/12/2015 France Paris http://www.figlobal.com/fieurope
SIAL Middle East 07/12/2015 09/12/2015 UAE Abu Dhabi http://www.sialme.com/
Alimentaria Barcelona 25/04/2016 28/04/2016 Spain Barcelona http://www.feriasalimentarias.com/main/oblea.asp?id_feria=78
