new production has unfortunately brought even higher prices for the moment, with demand extremely high and expected quantities to be 20-30% less. Hopefully some stability will come over the next few months as production continues and stocks are replenished.
Dec 1st, 2019
Jan 9th, 2020
Prices have unfortunately jumped again in Guatemala after a burst of cold weather has delayed the second cutting. The material that is available is being quoted at record prices, many people are holding to let things settle. India prices are still high as well, with little relief in sight as long as demand stays high and situation in Guatamala continues.
Nov 1st, 2019
New crop is beginning in Guatemala and prices look to remain firm. Expectations are that production will be down 20-30% due to a very dry summer and early picking. Additionally, carryover is nearly non-existent and global demand continues to be high.
Sep 4th, 2019
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.
Nov 1st, 2018
Prices remain firm as poor crops have led to limited quantities.
Oct 1st, 2018
Both India and Guatemala have reported poor crops, weather related. Expect prices to increase.
Jun 2nd, 2017
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.
Mar 28th, 2016
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.