Cumin Spot Markets Experience Mixed Trends

The overall price trend across India for the Cumin market was stable on December 27. The market became stable after it experienced a sharp price drop for all the four main varieties on December 23. 

Market Sentiment  

• The spot markets for Cumin had a mixed trend on December 27.
• In Unjha, the prices remained stable for the spice.
• Due to less demand, Rajkot spot market continued with a downward trend on Monday.
• Stockists are not eager to release the spice at low prices, so they hold on to the stocks.
• The stability in the overall trading in Cumin is because of the low stock supply by the stockists.
• The sowing of the Cumin is complete in Rajasthan and Gujarat. As per the trading sources, the sowing area has decreased by 25 to 30 percent compared to last year.
• Gujrat Agricultural Department reported the sowing was done for 286,514 hectares compared to last year’s 460,899 hectares.
• Rajasthan’s sowing area is 529,790 hectares compared to last year’s 770,000 hectares.
• There are discrepancies between the official sowing report of Cumin in Rajasthan and the reports given by farmers and traders of the spice.
• The official figure of Rajasthan states the sowing is 68.80 percent compared to last year, whereas the farmers say it is 50 percent.

Arrival 

• In Unjha, there was the arrival of 9000 bags
• In Rajkot, the arrival of bags was recorded at 1000
• Each bag weighed 20 kgs

Prediction 

India is likely to benefit from the new circular regarding China’s import of Cumin from India. It has cleared the pesticide requirement, and the new regulation allows most Cumin produced from India to be exported to China.

The reduced production of Cumin for the market year 2021-22 from 451,451 MT to 391,801 MT is likely to support the Cumin prices in the coming months.

 Price Chart 

The price of Cumin was quoted at $0.33 per bag

 Cumin A Grade 99% Pure

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