Cumin Prices May Rise Again on Strong Demand

12-Apr-2025 12:46 PM

Mumbai: Cumin prices, which recently saw a boost due to strong domestic and export demand, are expected to rise again despite a recent dip of 1.66% to ₹24,290 per quintal in futures trading, largely due to profit booking by speculators.

India remains the top global supplier of cumin at competitive rates, with export offers at $3,050 per tonne, cheaper than Chinese cumin by $200–250. With limited stocks in Turkey and Syria and delayed new arrivals, demand from Gulf countries remains high.

Though supplies from Rajasthan are still slow and Gujarat’s crop arrived late due to weather disruptions, export momentum is strong.

Cumin exports jumped 67% to 1.82 lakh tonnes from April 2024 to January 2025, and may exceed 2 lakh tonnes for FY 2024–25.

Domestic cumin production also rose sharply from 5.77 lakh tonnes (2022–23) to 8.60 lakh tonnes (2023–24). As global supply tightness continues, prices are likely to firm up again until new crops arrive in Turkey, Syria, Iran, and Afghanistan.