ARTICLE 2 #India Spices Updates

Despite India being the world’s largest cumin exporter, robust export figures (up ~39.6% year-on-year to 212,502  tonnes in April–March 2025) haven’t translated into price strength due to subdued new demand and abundant stocks. Farmers hold around 20 lakh bags, but only 3–4 lakh are expected to be traded this season, leaving 16 lakh bags to carry forward—creating continued downward pressure.