Minor Price Dip Amid Unprecedented Cumin Supply

Cumin arrivals at Unjha Market reached an all-time high of 58,000-60,000 bags, significantly influencing market sentiment. Despite this substantial increase, long-term price stability remains likely due to robust market fundamentals.

Current Cumin Market Snapshot

Prices Adjust Amid High Supply

Wholesale cumin prices at Unjha slightly decreased by USD 0,24-0,30 per kg, currently standing between USD 5,09-5,11 per kg, based on quality. Increased farmer selling and cautious stockist purchasing contributed to the price drop.

Local traders indicate that stockists remain actively engaged in purchasing despite the temporary price reduction. Additionally, cumin cultivation in India declined by 15-20%; however, unexpectedly high arrivals suggest production remains stable.

Key Trends in Cumin Production

• Delayed Sowing: Farmers began sowing 20-25 days late due to weather conditions.
• Hybrid Seeds: Use of hybrid cumin seeds shortened the ripening period, maintaining steady supplies.
• Gujarat Sowing Data:
  • Declined by 15% compared to last year
  • Still 25% above the three-year average

Robust Export Performance

India continues as a leading cumin exporter, with 159,201 tonnes exported between April and November 2024, generating USD 526.72 million. Export volume rose by 70% compared to 93,502 tonnes in the previous year.

Price Stability Expected

Despite record arrivals, traders do not anticipate prolonged price decreases. The Unjha market will close for 5-6 days at the end of March for financial year-end, potentially supporting prices by limiting supply temporarily.

Strong export demand and limited stocks among traders are expected to stabilize cumin prices in the weeks ahead.