Softening Prices Slow Down Cumin Supply in Markets

23-Apr-2025 08:10 PM

Rajkot. After a period of strength in the spot and futures market, cumin prices have started to soften, leading to a decline in supply and trading activity.

Despite steady domestic and futures demand, export activity has weakened, with Gulf buyers purchasing cautiously and Chinese demand still subdued.

Trade analysts say that cumin prices in China have risen due to limited stocks, and this may soon trigger renewed interest from Chinese importers.

Meanwhile, countries like Malaysia and Bangladesh continue to buy small quantities, but a larger buying spree is yet to be seen. Indian exporters are awaiting clearer signals from key importing countries.

The arrival of new cumin in other exporting nations such as Turkey, Syria, Iran, and Afghanistan is still some time away.

In Gujarat’s key Unjha market, daily arrivals have dipped to 30–35 thousand bags, down from 40–42 thousand. Farmers are holding on to their stock due to the lack of upward price momentum.

Last season saw record cumin production following a price surge, but in 2024, sowing area has significantly decreased.

However, favorable weather this season may result in better yield and quality, even with the reduced acreage. The market is currently witnessing bearish sentiment, with Rajasthan yet to see a full flow of new arrivals.