Cumin prices in India spikes on shrinking output, set to touch 5-year high

Published 2022년 5월 4일

Tridge summary

Cumin prices in India are expected to surge by 30-35% to reach a five-year high of Rs 165-170 per kg in the 2021-2022 crop season due to a combination of factors. These include a decrease in production, low acreage, and crop damage caused by excessive rainfall. The acreage for cumin cultivation fell by 21% to 9.83 lakh hectares, with farmers shifting to more profitable crops like mustard and gram. Excess rainfall and diseases like wilt have also affected the sowing period for cumin, leading to a predicted 35% drop in total production to 5,580 lakh tonnes. This situation is expected to result in substantial profits for farmers but may also lead to a decrease in cumin exports this fiscal year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cumin prices are likely to soar by up to 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the 2021-2022 crop season following a decline in production, low acreage and damage to the crop due to excess rainfall, according to a report. Cumin appears set to take the centre stage as a sharp decline in production in crop season 2021-22 (November-May) drives up its prices to a five-year high, Crisil Research said in a report. Cumin acreage also fell by an estimated 21 per cent year-on-year to 9.83 lakh hectare during Rabi season 2021-2022, it said. The acreage has declined by 22 per cent in Gujarat and by 20 per cent in Rajasthan, the two major cumin-producing states. According to the report, the decline in acreage is due to farmers shifting to mustard and gram crops, which witnessed a surge in prices. During the cumin sowing period (October-December 2021), mustard prices jumped 43 per cent year-on-year to Rs 74 per kg and gram prices increased 35 per cent, making these ...

Source: Indoasiancommodities