Nuts, Spices, & Coffee News Today

W320 cashews are priced at Rs. 610/kg and W240 at Rs. 710/kg. NP 27-30 count size almonds are selling at around Rs. 528-530/kg. Almond production in the USA is expected to see substantial growth in the upcoming 2024/2025 season.

In Guna, the badami variety is priced between Rs. 6500-6800/quintal, the eagle variety is available at a range of Rs. 6800-7200/quintal and the scooter variety commands prices ranging from Rs. 7500-7800/quintal.

Teja (S-17) ranges from Rs. 120-190/kg, with deluxe grades fetching up to Rs. 205/kg. The 341 variety ranges from Rs. 90-130/kg, with premium lots reaching Rs. 145/kg. Cumin may witness a slight to moderate increase in the next couple of days.

Almond prices for NP 27-30 count sizes are selling at Rs. 530-535/kg. Between June 2022 and May 2023, only around 31,000 acres of almond trees were planted, indicating a significant decline. This trend highlights the growing unsustainability of Californian farmers to cultivate almonds.

Coffee grade price at Chennai Port: Robusta G1 (18-16) is priced at 3970 USD/ton Robusta G2 (16-14) at a cost of 3870 USD/ton Arabica coffee is priced at 5197 USD per ton In Wayanad, there was a sudden drop in Robusta coffee prices.

Declining robusta coffee prices are negatively impacting farmers in Kerala, India. Current costs fail to meet production expense, forcing farmers to consider other economic activities for sustainability.

Turmeric prices rise amid below normal supplies and active festive demand. Reduction in domestic arrivals, coupled with increased demand due to the approaching festive season, has fueled the price surge.

In Guna, the coriander market is currently experiencing a notable uptick of around Rs.100-200. The Badami variety is priced at Rs. 6600-6800/quintal, eagle variety commands a price range of Rs. 7000-7200/quintal and scooter at Rs. 7500-7800/quintal.

Jeera prices surge due to robust global demand and active purchasing by stockists. The spice's rising export demand drives this bullish market sentiment, creating a favorable environment for producers and traders.

Despite a global increase in almond consumption, Indian almond producers risk a fifth consecutive loss due to persistent pricing challenges, insufficient government support, and unstable climatic conditions.