Market report week 39

Paprika / Capsicum — Up

As we mentioned a few weeks ago, the new crop is expected to be lower than the previous one, while cultivation costs are clearly higher, reducing initial availability and increasing raw material costs.

China continues to set the benchmark for the market, so its lower yields are putting upward pressure throughout the entire supply chain.

In addition, the Peruvian crop, which acts as a complementary origin, is expected to be affected by the El Niño phenomenon, further limiting its ability to offset the tighter supply situation.

Coriander seeds, origin Spain — Slightly down

The Spanish crop has developed without any significant issues, with sufficient supply to cover usual demand.

With no major supply tensions or additional production costs, prices have adjusted slightly downwards.

Anise seeds, origin Spain — Up

The price increase is the result of tighter yields in the usual growing areas.

This has increased the relative cost per kilo and placed upward pressure on prices.

Whole cloves, origin Madagascar — Up

The increase is due to tighter supply from Madagascar, in a context where the main global origins are also not providing any significant additional availability.

Demand remains firm, supporting prices at high levels.