The production of cumin in the new season is estimated to be 4.14 lakh tonnes.
Chilli production in the country is likely to increase by 23 percent in the current season. According to estimates presented at the International Spice Congress 2023, this year will also see an increase in the production of spice crops such as cumin and black pepper. Thus, the production of spices will remain high in the season from October 2022 to September 2023.
According to the congress organized by All India Spice Exporters Forum, the uptrend in jeera prices may continue. While the prices of chillies are not likely to remain as high as last year. Apart from black pepper, the trend of global production is also being reflected in India. Global pepper production is likely to be 5.39 lakh tonnes this year as against 5.21 lakh tonnes last year. Excess inventory is expected to put pressure on pepper prices. Turmeric prices are likely to remain firm on higher carryover stocks. Global production of cumin is likely to be below 5 lakh tonnes. In India too, the epidemic will remain below the previous levels. However, chilli prices in India may benefit after 10 per cent drop in chilli crop in China. The crop condition is not threatened by the pest in the current season. According to agricultural survey, there is a possibility of 1-1.5 tonnes of chilli production per acre in the country. In view of this, the total crop is estimated to be 16 million tonnes. Which was 12 million tonnes in the last season. In case of cumin, prices are expected to remain firm despite the possibility of higher production than last season.
Last season, cumin production was down by 20 per cent to 3.88 lakh tonnes. Which is estimated to be 4.14 lakh tonnes in the new season. Due to which the global production of cumin will also increase from 4.08 lakh tonnes to 4.35 lakh tonnes. However, the net supply in India is likely to be lower by 7 per cent.