Jeera prices rose by 0.7% to settle at 23,120, driven by steady domestic demand and export activity, especially from Gulf countries. However, limited arrivals from Rajasthan and a delayed cumin crop in Gujarat contributed to supply concerns.
Weather disruptions postponed sowing in key producing states like Gujarat and Rajasthan. Farmers still hold around 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by season-end. Production for the current season is expected to remain similar to last year due to favorable crop conditions.
Cumin production in India increased to 8.6 lakh tonnes in 2023-24, making it the cheapest globally, attracting buyers, particularly from China. Exports surged significantly, reaching 165,084.40 tonnes from April to December 2024, with a 56.45% increase in December 2024 compared to November 2024 and a 47.77% rise from December 2023.
