Weekly Market Reports of International Spice Commodities – Cumin
Cumin ended up on short covering after the weak trend witnessed last few days. Cumin arrivals in Unjha Madni stood stable at around 3500 bags compared to previous day, where the spot price increased to Rs.14500 ($276.85, €204.54, £177.07) per 100 kg. Dry weather in major growing areas is expected to support the prices in near term as the sowing is likely to be got affected. According to latest data by the Gujarat Agriculture Department, area under Rabi crops in the state fell by nearly 20 percent to 4.25 lakh ha. Late monsoon and delayed harvesting of the Kharif crops in the state lead to fall in Rabi sowing. Cumin acreage in Gujarat fell to 34300 ha compared to 39000 ha same period a year ago. However, latest data by the Rajasthan Agriculture Department showed that the acreage of major Rabi crops in the state rose to 5 million ha as of 15th November 2011 compared to 3.71 million ha same period last year.