A quick market update of Cumin Seeds dated 28th Jan. 2022
Is this a right time to buy the cumin? There is no right answer to this question. However, we can help you to make it little easier for you to decide with some market trend and data. You can contact us if you need any more information.
Domestic demand for cumin is above average and so do the market price of cumin. In last few months, a significant upward trend was evident in cumin prices. There are multiple reasons:
- Above average domestic demand in India
- In last couple of months, weather is volatile for any good prediction of yield next year
- Overall cultivation in some farming region is reported around 3,07,135 hectors compare to 4,69,030 hector land of cultivation last year, around 25% less.
Though export demand is less currently as there are many changes in quality requirements by various countries regulatory agencies. However, most of the suppliers are hoping to increase in export as there will be increase in demand in middle east due to upcoming Ramadan season.