Jeera prices increased slightly by 0.13% to 22,585, driven by domestic demand and export activity, especially from Gulf countries. However, supply constraints, including limited arrivals from Rajasthan and a delayed new crop in Gujarat, also contributed to the increase.
India’s cumin production for 2023-24 is estimated at 8.6 lakh tonnes, a significant increase from the previous year. The affordability of Indian cumin, priced at $3,050 per tonne, is expected to attract strong export demand, particularly from China.
Jeera exports surged by 70.72% between April and December 2024, reaching 165,084.40 tonnes, compared to 96,701.43 tonnes in the same period last year. December exports were 18,078.19 tonnes, reflecting a 56.45% rise from November and a 47.77% increase from December 2023.
