Strong Global Demand Boosts India's Cumin Exports

India has significantly strengthened its position in the global cumin market, exporting 97.168 tonnes between April and July 2024. This represents a 53% increase compared to the 61.697 tonnes exported during the same period last year. Despite rising competition from Afghanistan, Iran, Syria, and Türkiye, India's high-quality cumin continues to dominate the global market.

Trade analysts point out that while competitors offer lighter-quality cumin, India's superior product commands steady demand. Farmers in Gujarat are seeing brisk activity, with daily arrivals ranging between 8,000 and 10,000 bags—a slight decline from the earlier average of 12,000 bags.

Rising Cumin Prices and Growing Interest

Cumin prices have shown a significant uptick, boosted by strong domestic and international demand. Farmers and traders anticipate robust prices as sowing season coincides with the Dussehra festival. A previous dip in prices earlier this season has now reversed, leading to increased trading momentum.

At present, traders are actively building their cumin stockpiles to capitalize on favorable pricing before further increases. Market observers believe waiting for another dip could mean missing the best buying opportunity.

Competition from Global Markets

Countries like Afghanistan and Iran are becoming increasingly competitive, adding pressure to India's cumin dominance. However, Indian cumin’s superior quality continues to ensure strong demand from international markets.

Although Turkey and Syria remain key players, their lighter-quality cumin has not yet posed a significant threat.

Advice for Traders and Buyers

Traders are advised to secure cumin stocks promptly, as prices are likely to rise with reduced supply and increased demand. International buyers should act swiftly to leverage current pricing before further hikes.

Conclusion

India’s cumin market remains robust, driven by growing global demand and limited supply. Traders should capitalize on the current price levels before Dussehra while staying vigilant of global competitors like Afghanistan and Iran.





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