📉 Nutmeg Market Dips: Analysis of Recent Price Trends and Market Dynamics

The nutmeg market has experienced a notable downturn this week, with prices dropping significantly due to a lack of active buying interest. This detailed market analysis explores the current state of the nutmeg market, including price trends, fundamental drivers, and a forecast that considers the potential impact of regional weather conditions on the harvest.

Recent data indicates a sharp decline in nutmeg prices, with organic whole nutmeg now priced at USD 12.6/kg, a slight increase from the previous USD 12.5/kg, while non-organic whole nutmeg has decreased to USD 6.8/kg from USD 6.7/kg. The price for organic nutmeg powder remains stable at USD 12.5/kg.

Despite these fluctuations, the broader dry fruit market remains robust, supported by steady demand, particularly for premium categories such as almonds and walnuts, which continue to show strong performance in both retail and industrial sectors.

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📊 Current Market Snapshot

🔍 Key Market Drivers

• Lack of active buying reducing nutmeg prices.
• Steady demand sustaining the broader dry fruit market.
• Seasonal trends influencing Magaj watermelon prices.

⛅ Weather Forecast – Key Growing Regions

The upcoming weather forecast for major nutmeg-producing regions in India shows a mix of sunny and rainy days, which could potentially affect the nutmeg harvest by impacting the drying process of harvested nutmeg, crucial for maintaining quality.

🔮 Price Forecast – Next 3 Days

Given the current market conditions and weather predictions, prices for nutmeg are expected to stabilize slightly but remain sensitive to any shifts in buyer activity or further weather developments.