Global Cumin Prices Hold Firm for Now

The global cumin market has been stable, with prices currently sitting at USD 3,10 per kg (free on board). While demand of Indian cumin from key markets like Bangladesh is slow, China isn’t seeing much activity either. Although there’s some interest, it remains minimal for now.

China’s cumin demand is expected to stay low until November, as buyers will wait until they’ve sold at least half of their current stock. We can expect them to start buying again in large quantities around November or December.

Steady Supply Keeps Indian Cumin Prices Stable

In India, cumin prices are holding steady at USD 3,11 per kg, thanks to a balance between supply and demand. The daily supply is around 10,000 to 12,000 bags, which is matching the current demand and helping keep prices in check.

For now, we aren’t likely to see major changes in cumin prices unless there’s a significant shift in upcoming sowing data. Until then, prices should stay within this range.

What’s Next for Cumin Prices? Keep an Eye on Sowing Season

Farmers will start planting cumin in November, particularly in Rajasthan, after Diwali. Weather conditions have recently improved, making it a good time to begin sowing.

At the moment, about 35% of this season’s cumin stock is still with farmers. Meanwhile, the demand for premium-quality IPM cumin remains steady, especially in export markets like Brazil, Mexico, and the U.S., where IPM cumin fetches USD 6,40 per kg.

Cumin Exports on the Rise: What It Means for Prices

India’s cumin exports are expected to reach 2,25 lakh tonnes this year, a big jump from last year’s 1,80 lakh tonnes. This increase of 45,000 tonnes is largely due to lower cumin prices, which have made Indian cumin highly competitive globally.

China’s cumin crop has fallen to 40,000 tonnes, which is much lower than earlier estimates. This has created more opportunities for Indian cumin in the international market, with prices for both Indian and Chinese cumin now at around USD 3,10 per kg.

Could We See a Price Hike Soon?

While cumin prices are stable for now, industry experts like Sumarchand Jain believe we could see prices rise by USD 0,15 per kg djasthan are holding on to their stock, waiting for better prices. This could lead to a price increase as demand grows.

Conclusion: Cumin Market Steady, But Watch for Changes

Although the cumin market is stable right now, the outlook suggests prices might rise slightly as supply tightens and demand continues to grow. With sowing season ahead and exports increasing, the cumin market is positioned for moderate growth in the coming months.

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