Prices have continued to decline this week and further developments are difficult to predict. Although international freight rates are much cheaper now, only few large importers are buying cumin at present. While India exported 124,390 mt in April-August 2021, shipments only reached 91,500 in the same period in 2022, which is 26% lower. Bangladesh has also cut imports sharply.
Diwali, in addition, failed to boos domestic demand in India. To make matters worse reports state that at least 35 mt of fake cumin produced with chemicals and fennel have been s