Stable Market Conditions Keep Prices in Check

Cumin prices have remained weak in recent weeks, with no immediate signs of a major price increase. Sowing has concluded in key producing states of India like Gujarat and Rajasthan, and early sown crops are expected to be ready for harvest after mid-February. Weather conditions in major producing regions remain favorable, ensuring stable crop development.

Currently, producers and stockists hold ample cumin stocks, which should keep overall availability steady despite a slight dip in production next year. As a result, significant price fluctuations seem unlikely in the domestic market. Any potential price increase would depend on stronger export demand.

Exports Surge, Boosting Market Stability

According to Spices Board data, India’s cumin exports saw a sharp increase in the first seven months of the current financial year. From April to October 2024, cumin exports reached 1,46,558 tonnes, significantly higher than the 84,475 tonnes shipped during the same period in 2023.

During this timeframe, export earnings also surged from USD 369 million to USD 483 million, reflecting increased global demand. This strong export performance has helped stabilize prices, and maintaining this momentum will be crucial in the coming months.

Global Supply Shortages Could Support Prices

Exportable stock in other cumin-producing nations like Turkey, Iran, and Syria has been depleting quickly. As a result, foreign buyers are expected to show more interest in Indian cumin, potentially boosting demand. Additionally, the upcoming Ramadan season could drive further demand, offering some price support in the short term.

With steady domestic availability and strong export interest, cumin prices may see slight gains if international demand remains firm. However, significant upward movement remains unlikely without major supply disruptions.





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