Laxmi Enterprises · Spice Desk

Daily Market Sheet

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Domestic prices · tap a spice for varieties & 3-yr trend
India · crop & season
~11.9 MTIndia spice output · FY 2024-25
~12 MTFY 2025-26 · tracking
75 / 109ISO spice varieties grown
~76%Chilli·turmeric·ginger·coriander·cumin share
~$4.7 bnSpice exports · FY 2024-25
~1.8 MTExported volume · FY 2024-25
◴ Monsoon · Kharif sowingas of late June 2026

India is in the south-west monsoon. Kharif spices — turmeric, chilli and dry ginger — are being sown right now with the rains, while the Rabi crop (cumin, coriander, fennel, fenugreek) was harvested in Feb–Apr and is moving through the market.

Monsoon

Arrived late — reached Kerala on 4 June, about 3 days behind normal. IMD forecasts a below-normal season at ~90–92% of the long-period average, with the deficit weighted to the back half.

El Niño has flipped in

After ~18 months of La Niña, an El Niño emerged in June 2026 and is forecast to strengthen — potentially "super" — through Aug–Sep, the Kharif grain-filling window. That raises drought and uneven-rain risk just as the new crop fills out.

Kharif spices · sowing now

Turmeric, chilli, dry ginger. A weak or erratic late monsoon threatens 2026 yields and could firm prices into the 2026-27 marketing year. Acreage intentions stay healthy on recent firm realisations.

Rabi spices · in market

Cumin, coriander, fennel, fenugreek — harvested Feb–Apr 2026 and selling from stock. Next sowing (Oct–Nov) hinges on residual soil moisture, which a deficient monsoon can erode.

Sources: IMD 2026 south-west monsoon forecast & daily bulletins; Spices Board / Ministry of Agriculture production estimates. A developing situation — updated through the season.

Global benchmarks · in ₹ / quintal
The export lens · USD / INR
USD / INR
3-yr cycle ›