Indian cumin production for the 2023-24 season is estimated at 8.6 lakh tonnes, up from 5.77 lakh tonnes last year. Despite high supply, shortage concerns could limit downside risks.
Global demand for Indian cumin remains strong, as it is currently the cheapest globally at $3,050 per tonne compared to Chinese cumin.
Tensions in the Middle East have benefited Indian cumin exporters, particularly from Gujarat, boosting international demand from Europe and other regions ahead of upcoming festive seasons.
Jeera exports surged 74.04% year-on-year to 147,006.20 tonnes from April to November 2024, compared to 84,467.16 tonnes last year. However, November exports fell 28.92% to 11,555.56 tonnes, still 42.67% higher than November 2023.
