Jeera: Cumin Can Be Expensive By 35%, Yield Can Decrease Significantly
Pune, 3rd May 2022: Cumin prices may hit a 5-year high due to a sharp fall in yields in the 2021-22 crop season. India’s cumin production may decline by 35 per cent, leading to a 30-35 per cent jump in cumin prices.
In the Economic Times report, this has been said by quoting the report of rating agency Crisil. The crop season of cumin starts from November and continues till May. Cumin is the second most popular spice in the world after black pepper.
According to the Crisil report, the area under cumin is expected to decline by 21 per cent year-on-year to 9.83 lakh hectares during the Rabi season 2021-22. The biggest decline has come in the major producing states of Gujarat and Rajasthan. The report said that the adverse weather has affected the yield.
Yield has declined by 20 per cent year-on-year in Gujarat and 15 per cent in Rajasthan. Rating agency CRISIL estimates that India’s cumin production may decline by 35 per cent year-on-year to 5.58 million tonnes.
Cumin exports from India have also been affected. Cumin is grown extensively in India, Syria, Turkey and UAE. One of the reasons why cumin production is affected in India is that farmers are turning to mustard and gram due to higher prices during the sowing season.
The price of mustard has increased by 43 per cent to Rs 74 per kg. While the prices of gram have jumped by about 35 percent. Cumin exports from India have also been affected. It has declined by 24 per cent year-on-year in the financial year 2022.
