Despite the sudden price drop on the last day of the previous week, the market picked up and stayed upbeat on Monday for the Cumin. According to experts, the decrease in the production of the commodity will keep the market bullish in the coming days.
It has been reported that there is a good demand for Cumin across India, and new crops have started arriving sporadically in the spot markets of Gujrat.
However, the lighter arrival of the new crop with higher moisture content draws the consumers towards the old stock. Since the carry-over stock is low, the price is not likely to go down for the spice.
According to experts, the quality of the new crop is not at par; hence farmers will not hold on to them for the higher prices but will let go of it.
It is expected that with the weather clearing up and the standing crops having the benefit of the heat, the moisture content is likely to reduce for the pods.
New crops in Rajashtan will arrive around 10 to 15th of March.
Reports suggest that there might be 40 to 50 percent less yield of Cumin in the Saurashtra belt than last year, and it will keep the market strong.
The upward trend for Cumin is expected to continue.
Price Trend
The month of February has witnessed an erratic trend in Cumin so far, but after every price decrease, the market has bounced back for better. It can be understood from the following price trend.
Cumin A Grade 99% Pure
| Date | Price |
| February 14 | $2,30 per kg FOB |
| February 10 | $2,28 per kg FOB |
| February 9 | $2,29 per kg FOB |
| February 7 | $2,28 per kg FOB |
| February 3 | $2,26 per kg FOB |
| February 2 | $2,27 per kg FOB |
| February 1 | $2,28 per kg FOB |
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