Spice Trade — market news

... and a few other articles on cooking with spices!

Covid market update: Star Anise, Allspice

allspice market news star anise

COVID-19 effects are finally dissipating as most of the world is in a recovery mode and lockdowns in producing nations have all begun to end. While pricing has gone up dramatically for a few ingredients, in general pricing is starting to come down for Indian spices as well as dry fruits and nuts from the US.  Extremely poor harvesting during spring crop has made Star Anise's autumn crop very expensive and all old batch (low priced) goods are quickly getting bought up. Unfortunately due to Covid-19, this problem was unavoidable as most of China was in lockdown during most of the key harvest...

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Covid market update: Almonds, Cardamom, Chillies

almonds cardamom chillies market news

COVID-19 effects are still affecting the global spice trade, and coupled with various numbers of trade disputes involving India, China, USA, Australia and other parts of the world, Hong Kong is stuck in the centre, making negotations, and international shipping very difficult. Fortunately, supply in production has resumed for almost the entire world and prices are starting to stablise again for most herbs and spices. Almond nut prices have started to drop following the lead of other nuts. Consumption for these nuts has fallen a lot - as traditional use in Asia and middle east is for gifts and celebrations, all...

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Market Update: Pistachio, Walnut, Cassia, Star Anise

cinnamon market news pistachio star anise walnuts

COVID-19 is still affecting the supplies of all Indian Spices - India was in a 90 day lockdown, which has only recently been lifted for most of the country. Parts of the country still have heavily restricted movement, and a huge backlog of operations is causing a slowdown while the country plays catchup. Indian spices are essential in most of the world's cooking (think cumin, coriander, black pepper, fennel)... these spices have widespread use from european to south american and also chinese cooking. Pistachio and Walnut prices are finally starting to drop and our catalogues have been updated. We expect some more drops to come in...

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Market Update: Hazelnut, Cinnamon

cinnamon hazelnuts market news

COVID-19 has really started to affect all Indian Spices - India has been in a lockdown since March, which has just finally been lifted a few days ago. All supply is disrupted, roads, ports, airlines and couriers all have huge backlogs for months. Our stock levels will just survive, but new purchase prices will be at decade highs for several essential items. Hazelnut prices are on the move up, as Turkey being the world's largest producer, also faces supply shortages. This price rise is temporary and we believe it will relax down soon in the coming months. Sri Lankan Cinnamon prices are starting to fall finally,...

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Market Update: Cardamom, Onion Powder, Nutmeg, Mace

cardamom mace market news nutmeg onion powder

Green Cardamom prices have gone to an all time high of several decades, rocketing up for the last 10 weeks in a row. We are still not sure what is the main source of this surge in demand, but it could be due to huge price rises in Vanilla over the last 2 years leading to development of new dessert flavours. Other dessert-type of spices including Nutmeg, Cinnamon, Mace have all seen steady price rises for the last 3-4 months. Onion Powder is finally dropping in price, due to warm and wet weather in producing regions (India, China are the biggest).

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