CUMIN

Cumin Market Finds Its Footing: Signs of Price Stabilization and Export-led Optimism

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The cumin (jeera) market finds itself at a turning point after several weeks of pressured prices caused by soft demand and weaker exports. Recently, industry insiders have detected the first signs of stabilization as international buyers begin to show more active interest. Throughout August, cumin prices hovered between USD 250–255 per 100 kg, a marginal slip driven primarily by reticent buying from exporters and stockists. Yet, the conversation has shifted: fresh export inquiries—especially from the Middle East and Asia—are beginning to circulate, supporting the belief that overseas demand could soon underpin the market.

India remains at the heart of global cumin trade, with shipments in July valued at USD 108.3 million and August at USD 61.4 million. These figures, while below historical highs, reinforce continued global appetite and suggest potential for price recovery if new contracts materialize. The intersection of lean arrivals in Gujarat and Rajasthan, persistent inventory holding patterns, and hopeful trade sentiment defines the current landscape. In summary, while volatility lingers, short-term stability with upside potential remains the prevailing outlook for cumin—especially if the export narrative strengthens further.

📈 Market Prices & Movements

Origin Product Purity Organic Delivery Terms Location Price (EUR/kg) Change (EUR) Update Date Market Sentiment
IN Cumin seeds (grade – A) 98% No FOB New Delhi 2.21 0.00 2025-08-23 Stable
IN Cumin seeds 98% No FOB Gujarat – Unjha 2.36 0.00 2025-08-23 Stable
IN Cumin seeds 99% No FOB New Delhi 2.37 0.00 2025-08-23 Stable
IN Cumin seeds (whole, grade – A) Yes FOB New Delhi 5.18 0.00 2025-08-23 High Premium
EG Cumin seeds 99.9% No FOB Kairo 4.85 -0.03 2025-08-22 Weakening
SY (NL) Cumin seed No FCA Dordrecht 4.00 -0.15 2025-08-21 Softer

🌍 Supply & Demand Overview

  • Supply chains are currently constrained by limited arrivals from Gujarat and Rajasthan—the two major Indian growing states—providing a floor to price falls.
  • Demand has been tepid but is showing signs of revival amid growing overseas inquiries, particularly from traditional bulk buyers in the Middle East and Asia.
  • Indian exporters hold pricing power: any significant bounce in export orders may rapidly translate into firming wholesale prices.

📊 Market Fundamentals

  • July 2025 cumin exports: USD 108.3 million
  • August 2025 cumin exports: USD 61.4 million
  • Price volatility has eased, with markets adopting a cautiously optimistic stance and stockists waiting for clearer cues.
  • Speculative activity remains subdued, but contract activity could pick up with further export momentum.

☁️ Weather Outlook & Crop Impact

  • Gujarat & Rajasthan: Recent normal rains have aided crop development, but late sowing due to early season dryness has delayed arrivals.
  • No major weather disruptions are expected in the next 2 weeks, supporting a stable supply outlook in the near term.
  • Dry and persistently hot weather could, however, cap yields if extended into the harvest period—potentially a watchpoint for September–October.

🌏 Global Production & Inventories

Country 2024/25 Output Estimate (MT) 2024/25 Exports (MT) Current Inventory (MT)
India ~350,000 ~200,000 Moderate
Syria ~25,000 ~15,000 Low
Egypt ~20,000 ~12,000 Ample
Turkey/Other Under 10,000 Minor Low

India remains the price-setter for the world cumin market, accounting for the majority of global supply and trade flows.

📌 Trading Outlook & Recommendations

  • Wholesale buyers may use the present price stability window to accumulate stocks before any export surge.
  • Exporters should monitor new contract offers from Middle East and Asia; swift action recommended on upside price movement signals.
  • Stockists advised to remain patient, as further price firmness seems possible but not guaranteed in the short term.
  • Volatility expected to remain low unless adverse weather hits or a notable export order wave emerges.

📆 3-Day Regional Price Forecast

Exchange/Location Product Current EUR/kg Forecast Range (Next 3 Days) Sentiment
Unjha (IN) Cumin seeds 98% 2.36 2.33 – 2.39 Stable/Bullish
New Delhi (IN) Cumin seeds 99% 2.37 2.35 – 2.40 Stable
Kairo (EG) Cumin seeds 99.9% 4.85 4.80 – 4.90 Slightly Weaker

Key exchange prices are expected to remain range-bound, with a positive bias if further export deals are announced soon.