Cumin prices trending up
New crop of cumin has entered the market, but crop this year seems as high as 30-50% less than recent years, according to some estimates. Climate was late by 1 month in the Indian winter, so less cumin was sown, and even less left for harvesting. Last year, we estimate around 400,000-500,000MT of production altogether in India, the origin of the best cumin seeds in the world. In comparison, government reports in Gujarat and Rajasthan (the origin of the spice), say that until 2015, only around 265,000MT were sown.
Much production has also recently switched to Coriander and Fenugreek – these herbs and seeds are currently commanding better prices for the land usage to farmers than cumin. So as a result, we’re seeing big falls in cumin supply, which could lead to very big prices in the near future.
Some more images of Cumin Seeds below:
Our Cumin Seeds from Jodphur (within Rajasthan, where we have found the highest quality cumin) have also been affected, and we suggest our customers buy while prices are low. We expect high prices to start coming to the market within a few weeks / 1-2 months.
CURRENT MARKET PRICE:
50G (1.8 OZ) HKD 24 / USD 3.00
200G (7.1 OZ) HKD 60 / USD 7.50
500G (17.6 OZ) HKD 84 / USD 10.50
1KG WHOLESALE PACK** HKD 108 / USD 13.50