Cumin, a staple spice in Indian cuisine, has witnessed a significant surge in market prices across the country. This surge has been so pronounced that farmers are now fetching prices that are double the Minimum Support Price (MSP).
Arrival of Early Sown Rabi Crops
The mandis (markets) across India are currently experiencing the arrival of early-sown Rabi crops. Among these, cumin has emerged as a particularly lucrative crop for farmers. The new crop is commanding excellent prices, bringing a sense of relief and happiness among farmers.
Price Surge: Cumin Above MSP
After a sharp decline in prices towards the end of the previous year, cumin prices are now rapidly increasing. The arrival of the new crop has further bolstered these prices, with cumin now selling above the MSP. This surge in prices is a positive sign for farmers, indicating improved profitability for their produce.
Market Prices of Cumin Across India
The market prices of cumin vary across different regions of India. In most mandis, cumin prices are well above the MSP, with some markets witnessing prices crossing Rs 40,000 per quintal. This significant increase in prices is a stark contrast to the previous season when prices had fallen due to excess production. Experts predict that prices may even cross Rs 50,000 per quintal this season.
Price Highlights
- Mumbai, Maharashtra: Rs 41,000/quintal
- Banaskanth Deesa (Bhildi), Gujarat: Rs 25,500/quintal
- Banaskantha Dhanera, Gujarat: Rs 27,000/quintal
- Bhavnagar, Gujarat: Rs 28,555/quintal
- Banaskanth Tharad, Gujarat: Rs 27,500/quintal
- Merta City, Rajasthan: Rs 33,000/quintal
- Jodhpur (Grain) (Mandore), Rajasthan: Rs 31,700-26,600/quintal
- Bhinmal (Ranlawada), Rajasthan: Rs 30,000/quintal
Quality and Pricing
The price of cumin is also influenced by its quality. Traders determine the price based on the quality of the crop, with higher quality crops fetching better prices. Farmers are advised to focus on maintaining the quality of their produce to ensure maximum profitability.
Conclusion
The surge in cumin prices across India is a positive development for farmers, signaling improved profitability for their produce. The arrival of the new crop has further boosted these prices, with experts predicting a continuation of this trend. Farmers are advised to focus on maintaining the quality of their produce to capitalize on the current market conditions.
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FAQs
- Are cumin prices expected to continue rising?
- Yes, experts predict that cumin prices may cross Rs 50,000 per quintal this season.
- How are cumin prices determined in the market?
- Cumin prices are determined based on the quality of the crop. Higher quality crops fetch better prices.
- What is the Minimum Support Price (MSP) for cumin?
- The MSP for cumin in India is approximately Rs 23,900 per quintal.
- Which states are witnessing the highest cumin prices?
- States like Maharashtra, Gujarat, and Rajasthan are witnessing some of the highest cumin prices in the country.
- Where can I check the prices of different crops in my state?
- You can check the complete list of crop prices in different markets by visiting the official website
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Check here https://agmarknet.gov.in/PriceAndArrivals/arrivals1.aspx
