20.NOV.2019

“Market Report”
RE. Cumin seeds

The market continues hold at the same level, as the left quantities in Syria is indeed a small quantity.
Demands continues from exporters to European market mainly and also to Turkey, and the left quantity is hold by strong hands, and no one wants to sell it unless he makes a good margin , and each is sitting on a small stocks, and that we expect will continue the market situation, as a few little cargo will stay till the next crop is still far away by 6 months, beside that the cleaning cost is so high because of type of the impurity this year.
Price will continue at this level, and eventually will not come down.

Indian cumin is sideway, some news about delayed crop of 20-30 days, but carry over is available , and china isn’t acting much,
Turkish cumin price is stoned at high level, and last crops was less than usual,

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 is steady with good quality,
Demand is good, while offers of good quality are difficult to find, carry over is small,
Prices of good quality are keeping the same, even it’s disrupted by currency fluctuating, while for dark quality it’s lower if found,
For medium term, the picture isn’t clear, as cargo is really less, but also we approaching end of the calendar year, where Europe will be closed.

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 is 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 are hold in a strong few hands, effected by local speculation and the demand for export, but cargo is available and at competitive prices for prompt shipment.

International market is stable, and prices from India is 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 soft , demands 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.

RE. Caraway :
Market is stable, Prices are the same, demand is a small and left quantities are limited too.