According to the Vietnam Pepper Association (VPA), the balance of supply and demand in 2022 will gradually return to equilibrium. Global pepper production in 2022 is forecast to be lower than demand, but the inventories in 2021 can help match demand in 2022. There are some bullish factors to increase the price. However,…
– Indian cumin seed and coriander seed crops expected to be smaller in 2022 – Pepper exports decline from Brazil and Vietnam – Brazilian organic honey increases in price Production – India’s 2020-21 coriander seed crop is expected to increase by 17% y/y to 822,210 tonnes on 628,600 hectares, 19% more y/y. Planted area and…
– Concerns over impact of recent unseasonal rains – Prices have risen of late – Cumin and coriander seed set for decline in production – India’s turmeric planted area is expected to be bigger next year but recent unseasonal rains led to plant diseases in some of the growing regions, which could lower yields. –…
– Heavy rains and frosts hit the Spanish lemon production – Strong home consumption and hostelry recovery fuel spice sales – CO2 shortage and high sea freight fares to raise spice prices Production – Spain’s 2021-22 lemon production is expected to fall by 23% y/y to 1.03 million tonnes due to frosts and heavy rains…
– Wildfires have destroyed 10,000 tonnes of the Greek honey crop – 31% growth in Mexican honey exports – Gradual rise in Indian coriander prices thanks to domestic demand recovery Production – India’s 2020-21 coriander crop is likely to increase by 17% y/y to 822,210 tonnes (based on a 19% increase in area to 628,600…
– 43% increase in exports – Sri Lanka was the main supplier India’s exports increased by 43% in volume to 11,260 tonnes, worth USD45.8 million (+57% y/y) in H1 2021. Crushed sales accounted for 54% of the total volume. The US was the main importer, accounting for 37% of the total volume. Imports of whole…
– Indian chilli planted area projected to rise up to 30% – Italy faces decline in honey output – Indian boosts cumin seed exports Production – The Indian farming industry has announced that bearing acreage for guar seeds and gum might fall between 30-40% y/y to 1.5-1.6 million hectares, after low prices in previous years….
– 6% fall in India’s cumin crop – Robust demand from India’s animal feed industry is favouring recovery in guar gum prices – 29% increase in Guatemala’s cardamom exports Production – India’s 2020-21 cumin crop is expected to reach 856,500 tonnes, 6% less y/y, on 1.24 million hectares, 30,000 less y/y. – Wildfires have burned…
France’s hemp planted acreage to peak at 30,000 hectares after Cassation Court has legalised the sale of CBD Strong demand for India’s guar gum from animal feed industry Gradual rise in Vietnam’s black pepper prices Production Rising production costs are hitting Argentina’s processors as the citrus grower and processor Ledesma’s results reveal. Ledesma reported that…
