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Key Takeaway
- Market Price Driving Factors: The price of Poppy Seed – Chennai is influenced by domestic availability, import supply, seasonal arrivals, inventory levels, and demand from spice processors, food manufacturers, traders and consumers. Key factors include import policies and regulations, availability from major supplying origins, import costs, exchange-rate movements, domestic consumption, quality and purity, seed colour and size, moisture content, farmer and trader stockholding patterns, and transportation costs. Changes in import availability, domestic inventories and buying demand can have a significant impact on market sentiment and contribute to price volatility.
About This Dataset
Poppy Seed (Chennai) refers to poppy seeds traded in the Chennai market and used primarily as a food ingredient, spice and flavouring component. The quoted value represents the monthly average domestic market price in ₹/kg and provides an indicative benchmark for poppy seed price trends in the Chennai market.
Methodology
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