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regular-article-logo Tuesday, 05 November 2024

Cumin prices set to soar

Reasons being low acreage and damage to the crop due to excess rainfall

Our Special Correspondent New Delhi Published 04.05.22, 01:40 AM
Cumin acreage fell by an estimated 21 per cent year-on-year to 9.83 lakh hectare during rabi season 2021-2022.

Cumin acreage fell by an estimated 21 per cent year-on-year to 9.83 lakh hectare during rabi season 2021-2022. Twitter

After edible oil, cumin or jeera prices are likely to soar by up to 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the 2021-2022 crop season following a decline in production, low acreage and damage to the crop due to excess rainfall, according to a report.

Cumin appears set to take the centre stage as a sharp decline in production in crop season 2021-22 (November-May) drives up its prices to a five-year high, Crisil Research said in a report.

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Cumin acreage fell by an estimated 21 per cent year-on-year to 9.83 lakh hectare during rabi season 2021-2022, it said. The acreage has declined by 22 per cent in Gujarat and by 20 per cent in Rajasthan, the two major cumin-producing states.

According to the report, farmers have shifted to mustard and gram crops, which witnessed a surge in prices. During the cumin-sowing period (October-December 2021), mustard prices jumped 43 per cent year-on-year to Rs 74 per kg and gram prices increased 35 per cent, making these more attractive.

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