KOCHI: Robust demand from overseas and domestic markets and concern over insufficient monsoon are leading to a spurt in prices of cumin and coriander, two spices that are grown mostly in Gujarat and Rajasthan.
While the cumin production has been good in the current year, prediction of a weak monsoon in the coming weeks could affect the sowing prospects. In the case of coriander, forecast of poor rainfall, lower production and carryover stock have impacted the prices. ” Cumin exports have been doing well and it should be above one lakh tonne (100,000 metric tons) in last year with India becoming the sole supplier in the world with supply problems in two other producers Syria and Turkey,” said Shailesh Shah, director of Jabs International, a top exporter. The cumin crop is estimated to be between 3.5 to 4 lakh tonne (350,000 – 400,000 metric tons).