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– 15% m\/m fall in spot prices Indian cumin seed spot prices averaged 39,313 Indian rupees per quintal ($4,718\/metric ton) at the Unjha market (Gujarat, northwest) on 15 December 2023, 15% less month-on-month and 47% more year-on-year.<\/p>\n\n\n\n Farmers have expanded the planted area strongly due to record prices in the 2022-23 season, all players expecting a bumper crop. About 376,000 hectares was sown under cumin seed as on 4 December in Gujarat compared with 144,000 ha of the previous year.\u202f<\/p>\n\n\n\n Indian cumin seed exports reached 117,389 metric tons valued at $461.4 million in January-September 2023, 23% less y\/y in volume and 18% more y\/y in value, according to customs data. China, Bangladesh and the US were the main importers of whole cumin seeds (94% of the exported volume), accounting for 31%, 20% and 5%, respectively, of the volume.<\/p>\n\n\n\n China was the driver of export growth from January-April but record prices have slowed its purchases. As soon as China has halted imports this September (0 records), the price has plummeted <\/p>\n\n\n\n (IHSmarkit) <\/p>\n\n\n – 15% m\/m fall in spot prices– China has not recorded imports in September– Futures prices for the new crop have been below the INR33,000\/quintal level Indian cumin seed spot prices averaged 39,313 Indian rupees per quintal ($4,718\/metric ton) at the Unjha market (Gujarat, northwest) on 15 December 2023, 15% less month-on-month and 47% more […]<\/p>\n","protected":false},"author":1,"featured_media":980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-about"],"_links":{"self":[{"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/posts\/985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/comments?post=985"}],"version-history":[{"count":2,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/posts\/985\/revisions"}],"predecessor-version":[{"id":988,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/posts\/985\/revisions\/988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/media\/980"}],"wp:attachment":[{"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/media?parent=985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/categories?post=985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alamspice.com\/index.php\/wp-json\/wp\/v2\/tags?post=985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
– China has not recorded imports in September
– Futures prices for the new crop have been below the INR33,000\/quintal level<\/em><\/p>\n\n\n\n
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