Prices continue to escalate. Guatemala’s new crop will not begin until October. Until then there is limited availability and poor quality / yields for the remaining seeds available. There is also concern on new crop output due to challenging weather and conditions of the plants, but it is too early to predict. India’s new production is in process now and prices are at record levels also due to poor weather.
Prices remain firm as poor crops have led to limited quantities.
Both India and Guatemala have reported poor crops, weather related. Expect prices to increase.
The spice market is reporting that the upcoming crop from Guatemala will be 2/3 the volume of last year’s, including carryovers. Extended dry weather has been cited as the reason. We can expect to see prices rise.
The recently completed crop in Guatemala is estimated to be the same size as last year’s. Prices remain stable. India also recently completed an adequate crop though prices have increased slightly.