Its retail prices increased by about 75 percent on an annual basis last month. After vegetables, now expensive spices can spoil the taste of people’s food.
सब्जियों ने छुआ आसमान तो अब मसालों ने जायका किया फीका, बढ़ रही कीमतें, जीरा ने तोड़े रिकॉर्ड, 75 फीसदी बढ़े दाम
After vegetables, now there is a possibility of fire in the prices of spices. Compared to last year, this year the prices of some spices are increasing in double digits. In this, maximum increase in the prices of cumin is being seen.
Its retail prices increased by about 75 percent on an annual basis last month. After vegetables, now expensive spices can spoil the taste of people’s food.
Loss of crops being cited as the reason
According to experts, the prices of spices are increasing due to erratic weather conditions and falling production. The situation remains critical, as the relief in prices is expected only till the next calendar year. Especially the chances of relief in the prices of cumin are not visible at the moment. Cumin is a crop grown once in a year and this year it has been damaged by about 30 to 40 percent.
Cultivation of spices affected
According to experts, due to unseasonal rains and hailstorm, there has been a huge decline in sowing of many crops like turmeric. Coriander belt has been wiped out in Rajasthan due to Biperjoy. Due to less rains in Andhra Pradesh and Telangana, the production of dry chillies has come down. Let us tell you that after January 2023, there was a softening in the prices of spices. Then there was 21 percent inflation in the prices of spices on an annual basis. But once again the prices of spices have increased since last month.
decreased production
According to data from the National Commodity and Derivatives Exchange Limited (NCDEX), cumin prices have been rising steadily since the beginning of this year. On June 19, the Unjha Agricultural Produce Market Committee of Gujarat’s Mehsana district went above Rs 50,000 per quintal in the market and touched Rs 60,000 per quintal on July 18. According to official data, cumin production has declined from 9.12 lakh tonnes (LT) in 2019-20 to 7.95 lakh tonnes in 2020-21 and 7.25 lakh tonnes in 2021-22.
drop in supply
According to experts, there are also concerns about the low production of cumin for the next season. Because in June this year both Gujarat and Rajasthan were affected by heavy rains and storms due to cyclone Biparjoy. India is the largest producer of cumin in the world with about 70 percent share. But due to the loss of the crop, the possibility of affecting its supply is increasing. Cumin is more or less a necessity of Indian households. That’s why it is in huge demand. But there is a sudden decline in its supply.
According to a report by the Indian Council for Research on International Economic Relations released this month, Gujarat and Rajasthan contribute 55.8 percent and 43.9 percent, respectively, of India’s cumin production. These states recorded excess rainfall during March-April-May.
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