Jeera prices rose by 0.42% to 21,335 due to the delayed arrival of the new crop in Gujarat due to unfavorable weather conditions. However, demand remains subdued and current export requirements are met through available stock.
Farmers hold approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by the end of the season. India’s cumin seed production is expected to reach 8.6 lakh tonnes in the 2023-24 season, supported by an increased sowing area of over 11.87 lakh hectares.
Despite ample supply, India remains the cheapest global supplier, attracting buyers from key markets, including China. Jeera exports saw a 74.04% increase during April-November 2024, reaching 147,006.20 tonnes.
