India: Covid hurt cumin market

Mintec Global
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Looking at the current situation Covid is the only reason for the downtrend in most agricultural products in India.

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The cumin market is witnessing a sluggish trend for many weeks, and it continues trending lower day by day. Currently, the market is going between Rs. 2880-2905 per quintal for Europe – Mundra quality. The market is witnessing subdued demand due to covid-19 restrictions. However, the market started working slowly as the government easing restrictions in some areas with some rules and regulations.

Traders are saying that demand remained weak due to lockdown, and prices of the commodity are also down due to stockpiles as traders and stockiest hold a heavy amount of stock. Still, demand is sluggish, and so a sign of improvement is seen soon.