📊 Market Overview: Cumin Price Dynamics
The cumin market is currently experiencing significant volatility due to escalating geopolitical tensions between India and Pakistan, coupled with a substantial drop in demand from neighboring countries. Recent events in Pahalgam have led to a sharp decrease in market arrivals and wholesale prices in Unjha, a major trading hub. This report delves into the current state of the cumin market, analyzing trends, prices, and fundamental drivers affecting the market.
Exclusive Offers on CMBroker
Cumin seeds
green, premium
FOB 5.24 €/kg
(from IR)
Cumin powder
FCA 4.78 €/kg
(from NL)
Cumin seeds
black, premium
FOB 7.93 €/kg
(from IR)
📈 Current Prices and Trends
| Product | Location | Price (USD) | Previous Price (USD) | Change (%) |
|---|---|---|---|---|
| Cumin seeds (Green, Premium) | Tehran, IR | 5.24 | 4.97 | +5.43% |
| Cumin powder | Dordrecht, NL | 4.78 | 0 | New |
| Cumin seeds (Black, Premium) | Tehran, IR | 7.93 | 7.55 | +5.03% |
📉 Market Drivers
- Geopolitical tensions with Pakistan impacting trade and prices.
- Significant reduction in arrivals at Unjha market due to recent events.
- Weak demand from China and cessation of imports by Pakistan.
- Historical export data showing a decline in demand from neighboring countries.
⛅ Weather Forecast: Impact on Harvest
The weather in major cumin-producing regions in India is expected to remain stable over the next few days, which should not disrupt the ongoing harvesting activities. However, any unexpected changes could impact both yield and quality.
📊 Global Production and Stock Levels
Despite a decrease in local market arrivals, global production levels have remained relatively stable. However, stocks are expected to tighten if geopolitical tensions continue, potentially leading to increased prices if demand from other regions holds steady.
🔮 3-Day Price Forecast
Given the current market conditions, prices are expected to fluctuate based on news developments and any changes in trade policies. Traders should monitor geopolitical developments closely.
