New Delhi, 29 October (NNS): Low stocks and a strengthening futures market have triggered a sharp rise in cumin prices in the domestic spot market. Today, the prices of Average-quality cumin here increased by Rs 200 to Rs 28600/29400 per quintal. Arrivals and supplies have slowed considerably in Unjha and major mandis of Rajasthan, resulting in a shortage of stocks in the markets. Arrivals in Unjha mandi were reportedly around 12,000 bags. India’s cumin production this year is estimated to decline to 90/92 lakh bags, significantly below last year’s 1.10 crore bags. Demand from the domestic spice industry remains strong due to the ongoing wedding season and upcoming festivals. These factors are expected to support further price gains.

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