India's fastest growing agritech startup | agrimarketplace

Current Market Developments:

• As depicted in the adjacent weekly Jeera price trend chart, prices have continuously increased in domestic spot markets as stockiest and traders buying remained strong.

• In Unjha market prices in the last couple of weeks has increased from Rs 29500 to Rs 35,000 per quintal.
• The new crop arrivals in markets are expected to start from March onwards, till than prices are likely to trade in range bound manner.
• As per market sources, the export demand for cumin seed has remained slow and after 20^th January improvement in export demand is expected. Trade sources are expecting exports to pick up in coming months due to strengthening of dollar against rupee and good demand expected from China in January and Ramzan demand during January-February from gulf & other countries.
• According to the Department of Agriculture Gujarat, Cumin seed acreage has declined by 10 percent at 2,75,655 hectares as compared to 3,07,145 hectares last year same period. As per market sources, Porbandar district reported a decline of 40-45 percent. Similarly, in Jamnagar-Dwarka district decline of 30-35 percent in acreage is expected.
• As per the Ministry of Commerce & Industry, this year during 2022-23 (Apr-Sept) India exported around 1.04 lakh tonnes as compared to 1.32 lakh tonnes corresponding period last year.
• In International markets Indian cumin seed quoted around $3000 to $3050 per tonnes for Gulf countries, for European countries quoted around $3250 per tonnes and for America cumin seed quoted around $3350 per tonnes.

Cumin Seed (Jeera) Price Trend Vs Seasonality at Key Markets

Cumin Seed Area and Production Trend:

Disclaimer:

This report is prepared by “agribazaar”. Information and opinions in this report have been taken from publicly available data and from sources believed to be reliable. Neither the report nor any part of the report shall be replicated without the written consent. agribazaar does not make any representations or warranties in relation to the accuracy, completeness and correctness of data or information contained in this report. Use of the data, information or opinions contained in this report is at the sole risk of the recipient of this report, and any such data, information or opinion should be independently verified. agribazaar, its affiliates, their officers, directors, and employees shall not be responsible for any loss or damage that may arise to any person from any error in the data, information or opinion contained in this report. “agribazaar” 2023.