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

3

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.

4

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.

5

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

6

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.

7

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

8

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.”

9

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/

10

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.”

11

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.

12

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

13

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.

14

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