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Article: Rise in Indian cumin seed price

05 August 2020

The Indian cumin seed fob spot price was INR14,575 per quintal (USD194.5/quintal) on July 31 at Jodhpur market (Rajasthan, North East), 4.2% more than on June 30. Meanwhile, the price closed at INR14,050/quintal on July 17, 1.8% more than on June 30.

Consumption is gradually recovering, although it remains weak.  

Indian cumin seed exports reached 58,380 tonnes, worth USD118.0 million, from January-April 2020, 10.7%% less year-on-year in volume and 19.2% less in value, according to the Indian government.  China regained its traditional role as the main importer of whole product, taking 29.6% of the total.

Updated daily futures market prices on India's National Commodity & Derivatives Exchange were: 

  • Deliveries in July closed at INR14,175/quintal on July 20, 3.2% more than on June 22. 
  • INR14,115/quintal for deliveries in August on July 31, 2.7% more than on June 30. 
  • INR14,050/quintal for deliveries in September on July 31, 1.6% more. 
  • INR14,185/quintal for deliveries in October on July 31, 1.9% more. 
  • INR14,320/quintal for deliveries in November on July 3, 3.6% more than on July.

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