Cumin (jeera) prices in India almost double on crop shortfall and higher exports
Cumin Seed
India
Published May 26, 2022
Tridge summary
An over 40% shortfall in the cumin crop in Rajasthan and Gujarat, coupled with an exceptionally high export demand, has inflated prices of the commodity to Rs 4,500 per 20 kg. Traders and exporters in the Asia’s biggest seeds spices hub Unjha said that cumin spot prices hovered in the range of Rs 3,900 to Rs 4,500 per 20 kg depending on the quality of cumin. In the previous season, prices of cumin remained in the range of Rs 2,400 to Rs 2,700 per 20 kg.
Original content
Cumin production in Rajasthan and Gujarat remained nearly 90 lakh bags (55 kg per bag). After cleaning, sorting and packaging, cumin is being sold in the retail market at prices ranging from Rs 275 per kg to over Rs 300 per kg (Rs 5,500 to Rs 6,000 per 20 kg). On the National Commodities and Derivatives Exchange (NCDEX), May Jeera futures touched a high of Rs 21,765 per quintal on Thursday. Spot Jeera prices in Unjha mandi on NCDEX Jodhpur stood at Rs 21,701.70 per quintal (Rs 4,340 per 20 kg). At Jodhpur mandi, it was at Rs 22,500 per quintal. Traders expect that if the upcoming monsoon season was weak, prices of cumin will further zoom beyond Rs 6,000 in the second half of the current calendar year. Sowing of cumin happens during October to December and harvest begins from February till April end. Jodhpur and Nagaur districts in Rajasthan are the major pockets of cumin farming. In Gujarat, cumin is being sown in Banaskantha, Kutch and Saurashtra regions. Farmers and traders from ...
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