News Capsule: Cumin prices remain steady amid weak export demand
15-Oct-2025 05:35 PM

News Capsule: Cumin prices remain steady amid weak export demand
★ Cumin prices stayed largely steady with a slight upward bias. This mild rise was seen after the end of the retail season, even as export demand remained weak. Some support emerged after the GST Council reduced the tax rate on cumin to 5%, which is expected to boost FMCG exports and domestic consumption.
★ However, overall sentiment remained subdued as supply was ample and buying interest from overseas markets stayed limited. Farmers currently hold around 2 million bags of cumin, of which only 300,000–400,000 bags are expected to enter trade by the end of the season, leaving an estimated carry-forward stock of around 1.6 million bags.
★ Production for the current season is estimated at 9.0–9.2 million bags, lower than last year’s 11 million bags, due to reduced sowing in key growing regions. Gujarat’s output is estimated at 4.2–4.5 million bags and Rajasthan’s at 4.8–5.0 million bags. Globally, production in China, Syria, Turkey, and Afghanistan has been affected by adverse weather and geopolitical tensions, although export demand for Indian cumin remains weak.
★ During April–July 2025, exports fell 19.81% to 73,026 tonnes compared with 91,070 tonnes in the same period last year.
★ For cumin, immediate support levels are seen at ₹19,040 and ₹18,950, while resistance is observed at ₹19,280. A breakout above this level could push prices toward ₹19,430 in the near term.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.