Jeera prices increased by 1.62% due to high demand worldwide. However, the market arrivals are growing, which is putting pressure on the upward potential. Enhanced sowing areas and favorable weather have contributed to increased cumin production in India’s main producing regions.
Cumin production in Gujarat is predicted to hit a record high of 4.08 lakh tonnes, while Rajasthan has seen a 53% increase. Exports may increase due to this, with a target of 14-15 thousand tonnes in February 2024. However, jeera exports have declined by 25.33% in Apr-Jan 2024, but showed some progress with a slight increase in January 2024.
