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HCCP Certified

16.Jan.2020

“Market Report”

Re. Cumin seeds:
The market continues hold at the same level with firm note, as the left quantities in Syria are indeed a small quantity, and good quality is difficult to find,
Demands continue from exporters to European market mainly and also to Turkey, and Arabic countries, and the left quantity is hold by strong hands, and as expected no one wants to sell it unless he makes a good margin , and each is sitting on a small stocks, as a few little cargo will stay till the next crop is still far away by 5 months, beside that the cleaning cost is so high because of type of the impurity this year, not to mention the eruption of electricity, and shortage of fuel needed for generators .
Price will continue at this level, and eventually will not coming down, with a potential of spike if the crop of India, will have the same issue of Pesticide last year,
Indian cumin is sideway, some news about delayed crop of 20-30 days, but carry over is available , and the planted areas expected to be large, and china isn’t acting much,
Turkish cumin price is stoned at high level, and last crop was less than usual, quantities left are of good number.

Some roads are more disturbed by war especially in north western and eastern part of Syria, because of the war, and government export regulations with no change, and Syrian pound now is fluctuating heavily with bearish tone, petrol shortage is hitting hard the economic of the business, which reflected in increase in transportation cost, beside higher cost for cleaning sorting and packing, in addition the cost of insurance on the cargo is increased, all ports are working fine.

Re. Anise seeds :
Market went up recently as expected and as we informed you, because of less quantities available, of good quality, beside steady demand from outside,
Demands are good, while offers of good quality are difficult to find, carry over is getting smaller,
Prices after being down, it went up as expected, then the price of good quality is high, while price of low quality is sold with a considerable difference, after the devaluation of currency, while for dark quality it’s lower if found,
For medium term, the market looks bullish, as cargo is really less, and Europe and main importers are open now in the new year.
Turkish Anise crop quantity is smaller, and prices is still in the high side,
Spanish Anise price stays firm, as last crop was smaller, price is higher.

Some roads are more disturbed by war especially in north western and eastern part of Syria, because of the war, and government export regulations with no change, and Syrian pound now is fluctuating heavily with bearish tone, petrol shortage is hitting hard the economic of the business, which reflected in increase in transportation cost, beside higher cost for cleaning sorting and packing, in addition the cost of insurance on the cargo is increased, all ports are working fine
Re. Coriander seeds:
Market is soft with low activity,
Demands are there for export, but in slower pace, from Arabic countries, beside some to far east,
Price went down to attractive levels, and it’s now stable, as the Eastern European coriander is lower, the quantities which were hold in a strong hands, now they are releasing it, as the price behavior didn’t go as they wanted, so now the cargo is sold at good level, if the quality is approved.
(international market situation crops, stocks and price)
International market is stable, and prices from India are stable, while there was only 60-70% crop this year of last year crop, which was also smaller, carry over was still there, but offers of Russian and Ukrainian corianders is effecting the market down,

Re. Nigella seeds :
Market is a going up dramatically, as demands are strong, and left quantities of the crop are moderate,
still Syrian price is more attractive than other origins, and local speculators have a strong appetite for this product, which goes on and off, based on that plantation this year is really limited of small quantity,
Price went down for almost one month, but now came up of 10-15%, we expect that scenario to keep on the same for the medium term.


Re. Caraway :
Market went down, for small quantities, Prices stable after coming down, demand is a small but also left quantities are limited too.

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