Cumin Prices Expected to Stay Strong with Small Fluctuations

Cumin prices are expected to remain relatively stable in India, with minor fluctuations ranging between USD 0,60 and USD 0,61 per kg, according to market expert Sitaram Patel. Prices have recently fluctuated, hitting USD 0,63 per kg, but have since settled back to USD 0,60 per kg. Daily arrivals of cumin into the markets remain consistent, ranging from 12,000 to 15,000 bags, and sometimes spiking to 17,000 bags.

In all over India, Rajasthan accounts for around 60% of the cumin supply. It includes local farmers, stockists, and traders contributing the rest. Despite the steady supply, farmers feel comfortable selling their cumin at USD 0,60 per kg, and sales tend to slow down when prices drop below this level. Estimates suggest that farmers still hold about 40% of the season’s stock, which will gradually enter the market.

Cumin Exports Sluggish, But Set to Pick Up Soon

Indian export markets for cumin have cooled, particularly due to Bangladesh slowing down its trade because of ongoing Durga Puja celebrations. The Bangladesh border is currently closed, but traders expect activity to pick up after Sharad Purnima. Cumin exports to China also remain limited, with no significant price changes in their market.

Farmers are waiting to assess how much cumin will be planted for the next season. They usually start planting after the monsoon harvest. So, in about 15 days, a clearer picture of this year’s cumin planting will emerge.

Cumin Export Prices See Small Swings in Global Trade

India’s cumin export trade is steady, with prices fluctuating between USD 0,63 and USD 0,64 per kg. Demand from Pakistan has started to pick up after a lull, and recent shipments to China included 15 containers, with more expected soon. Trade with Pakistan, facilitated through Dubai, has also seen some movement.

Cumin stock levels in Dubai and other international markets are low, with hand-to-mouth supplies keeping demand stable. It is estimated that this season, cumin arrivals in India have reached 50 lakh bags, and farmers still hold about 30% of the stock, which will be released slowly.

Cumin Prices Expected to Stay Steady with Little Movement

Cumin prices are projected to stay stable, with no major increases or drops expected. The export price for cumin is currently USD 0,64 per kg, and market experts anticipate fluctuations in the up-coming weeks. Over the past month, between 100 and 125 containers of cumin were traded globally, with 25 containers going to China, 35 to 40 containers to Bangladesh, and the rest to other destinations.

Farmers are advised to continue planting cumin this season, though production could decline by about 10% compared to last year. Higher cumin prices may lead to a slight dip in the production of other crops like chickpeas and wheat. Usually, farmers reduce cumin cultivation when prices are higher than average, which could result in limited supply next season.

Conclusion: Should You Hold Your Cumin Stock? Here’s What to Expect

Given the current trends, farmers and traders might benefit from holding their cumin stock, as prices are likely to remain stable, with a potential increase after the monsoon harvest. Export demand is consistent, and the domestic market is gradually picking up, offering a good opportunity for strategic selling.





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