Cumin prices likely to stay firm amid strong demand

19-Apr-2025 12:31 PM

Mumbai. Cumin prices are expected to remain strong due to steady domestic and export demand, despite a recent increase in production.

New arrivals in Gujarat mandis, particularly in Unjha, started late this season. Though arrivals surged to 70–72 thousand bags before March-end, they have since settled at 35–40 thousand bags daily, which is considered normal for the peak season.

While cumin production rose sharply in 2023–24 to 8.60 lakh tonnes, as per official data, trade estimates suggest a lower figure.

Encouraged by previous record-high prices, farmers had increased sowing, but due to price correction, the sowing area declined again in 2024–25.

Despite this, favorable weather conditions are expected to result in production that exceeds the five-year average.

Export demand from countries like China, Bangladesh, Pakistan, and Gulf nations remains strong. Cumin stocks are reported to be low in Disawari mandis.

Between April 2024 and January 2025, cumin exports rose 67% year-on-year to 1.82 lakh tonnes.

While a price surge like last year is unlikely, cumin prices are expected to stay firm with limited fluctuations.