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HCCP Certified

26.AUG.2019

“Market Report”

Re. Cumin seeds;

The market continues side and some warm up after Eid Holiday,
Demands are there and continue from exporters to Arabic countries, and Europe, beside few to India, and also there are demands from local traders, speculators are calm as the increase is not targeted from this level for high profit in short time,
Even that the market was closed for Eid holiday we haven’t noticed any nudge in the offers, which confirm that the quantities are limited,

Indian cumin is sideway, mainly because of Rupee currency Depreciation,
Turkish cumin price is stoned at high level, and carry over was limited, and new crop is less than usual,

Some roads are disturbed by war especially in north western part from Syria, because of the war, and government export regulations with no change, and Syrian pound now is depreciating in slow pace, and fluctuating, 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, all ports are working fine.

Re. Anise seeds;

Market is stable with low volatility,
Demands are there for delayed shipments, while offers of good quality are slow but available, carry over is small,

Price of good quality is keeping the same stable, while for dark quality it’s lower,
For Medium term, there is forecast that the market will keep the same, unless the shortage of Turkish and Spanish crops confirmed by less offer or prices increase,

Turkish Anise crop quantity is smaller, and prices are still in the high side,
Spanish Anise price is stay firm, as smaller crop is estimated,

Some roads are disturbed by war especially in north western part from Syria, because of the war, and government export regulations with no change, and Syrian pound now is depreciating in slow pace, and fluctuating, 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, all ports are working fine.

Re. Coriander seeds;
Market is easier,
demands are there for export, but in slower pace, from Arabic countries, beside some to far east,
Price went down and it’s now stable, as the Eastern European coriander is lower, the quantities of old crops left are hold in a strong few hands, effected by local speculation and the demand for export,

International market is easier, 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 coriander are effecting the market down.

Re. Nigella seeds ;
Market is sideways , demands are moderate after Eid,
Offers and demand are both slow, still Syrian price is attractive than other origins, and local speculators have a strong appetite for this product, but not in steady way, as plantation this year is really limited of small quantity.
Price up and down but not coming down.

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