India Apr-Nov 2017 Cumin Seed Exports Up 14.39% (Y/Y) At 97,945 MT

MUMBAI (Commoditiescontrol) - India cumin seed export during the first eight month (Apr-Nov) of current financial year 2017-18 rose 14.39% at 97,945.22 metric tonnes due to good demand from key buyers, according to commerce ministry data.

China, Bangladesh, UAE, USA, Brazil, Nepal and Malaysia were the top buyers of Indian cumin seed this FY 2017-18.

Export of Cumin seed to China this season has declined a tad, but were offset by good demand from other main buyers.

India is the largest Cuminseed producer, consumer and supplier in the world.

According to industry sources, "India cumin seed export this FY 2017-18 likely between 125,000-130,000 metric tonnes compared with 122,577.68 metric tonnes a year ago."

Export demand at present is slow as major buyers have hold their buying or doing need-based procurement due to expectations of correction amid higher production estimate.

India cumin seed production is likely above 75 lakh bags (55kg each) compared with 45-48 lakh bags a year ago, said traders.

New cumin seed supply has already started at the benchmark Unjha market and arrivals is significantly higher between 20,000-22,000 bags compared with 13,500 bags same period a year ago.



(By Commoditiescontrol Bureau; +91-22-40015533)