The cumin crop has been affected due to rains in some centers of Rajasthan and Gujarat around Holi. There has been a boom in new purchases due to the issue of defects. The talk of 10 to 15% damage to cumin crops due to the rain started with a lot of noise in the market.
Stockists are waiting for the price to decrease
Presently 45.000 bags of cumin seeds are arriving daily in Unjha, in which 60 to 70% of cumin seeds come from Rajasthan, and 30 to 40% of cumin seeds come from Gujarat. Currently, the demand for exports could be more active, and the stockist’s purchase is also not required because every stockist is waiting for the price to decrease.
As its march end, there is no business in the Indian market, and people are more diverted towards settling previous accounts. Thus, there is no prominent visibility of domestic demand as well.
Future Scenario
In the coming days, if there is support from the demand of stockists and exporters in Jeera(cumin), then the market will rise. Still, the market will decline from behind because the rise at the beginning of the season is always risky for the business. In the future, there will be a vast and healthy boom in cumin if, at present, the price of cumin is controlled presently, according to market experts.
Due to the high price of cumin compared to the previous year, there is an assumption of heavy selling by small and medium farmers in the initial There will be a massive purchase of cumin by Pakistan and Bangladesh after the price decreases here, which will start from the second week of April because the demand for cumin will come out after the pipeline of both the countries is empty after Ramzan. Thus, to wind up, experts opine that there is no possibility of any significant decline in the estimate of the cumin crop.
The cumin seeds grade A prices were recorded at $4,01 per kg FOB.