Jeera prices fell by 0.75% to ₹25,025, driven by increased arrivals in Unjha. Farmers hold 35% of the current season’s stock, with carryover stock estimated at 20 lakh bags.
Despite supply pressure, optimism persists regarding export demand, particularly in November-December, supported by festive season requirements and India’s competitive pricing.
Indian jeera is currently the cheapest globally at $3,050 per tonne, attracting interest from countries like China. Export data shows robust demand, with shipments rising by 70.02% year-on-year to 119,249.51 tonnes in April-September 2024.
However, production concerns persist, with cumin cultivation in Rajasthan expected to drop by 10-15% and overall production forecasted to decline by 10%. The Federation of Indian Spice Stakeholders reported a 128% year-on-year export rise in July-September 2024 to 52,022 MT.
