Herb & Spice Market Information

Posted by Stelios Theocharous December 29, 2011 - 3:30 am

Herbs – Price Trends
Up to end of September 2011

Basil

Coriander

Oregano

Cloves

Rosemary

Sage

Spices – Price Trends
Up to end of September 2011

Cinnamon

Cumin

Garlic

Ginger

Nutmeg

Onion

Paprika

Black Pepper

White Pepper

Tarragon

Herbs & Spices
Factors Affecting Price Changes

PEPPER
The pepper price has increased dramatically due to the shortage from origin. The pepper vines were suffering from disease earlier this year and then we have seen heavy rainfall in Asia from September onwards, which has resulted in a severe lack of raw material, and sellers refusing to release stock unless these higher prices are paid.

PAPRIKA
Good quality paprika from Spain again has been short so we have seen a slight price increase. Logistical problems are not helping the exportation of cumin from Syria into Turkey, which has led to an increase in the price.

CHILLI
Aflatoxin free chilli from India has again been difficult to find, which has forced the price up to high levels.

TURMERIC
Turmeric has settled down from the record price levels seen in 2010, but still has somewhere to go to reach the levels of 2009. At one stage it was five times higher than in 2009.

GARLIC
The price of garlic has eased back, but new environmental laws preventing the use of water from rivers has meant the use of added manual labour, and in turn, an increase in the price.

GINGER
At the end of 2010, ginger from India became very short and the domestic market consumed most of the production. Nigerian and Chinese quality is very unreliable, hence the 50% rise in price.