Improvement in cumin prices due to strong domestic and export demand

16-Apr-2025 11:41 AM

Mumbai. Cumin prices are witnessing a steady rise in both spot and futures markets, driven by robust domestic demand and heightened export activity.

On the previous day, its futures price closed 0.45% higher at ₹24,400 per quintal. Traders, stockists, and exporters are actively purchasing cumin, with strong demand coming from China, Bangladesh, Malaysia, and Gulf countries.

Arrivals in Gujarat are normal, but limited supply in Rajasthan is preventing market pressure. Weather-related delays caused cumin arrival to lag by about a month this season, reducing its immediate availability. However, quality and yield remain unaffected, suggesting stable supply ahead.

With about 16 lakh bags of cumin stock carried into the current season, experts believe a sharp price surge is unlikely, though consistent domestic and international demand will likely prevent any major decline.

India’s cumin production rose significantly from 5.77 lakh tonnes in 2022–23 to 8.60 lakh tonnes in 2023–24, thanks to expanded sowing and favorable weather.

Between April 2024 and January 2025, cumin exports surged 67% to 1.82 lakh tonnes. While January 2025 exports dipped slightly from December, they were still 38% higher than January 2024, reinforcing the market's positive sentiment.