Fantastic monsoon and larger acreage supported by favourable weather situations has brightened crop potential customers for important spices crops which includes cumin seed (jeera) and coriander seeds (dhana) amongst other individuals.
The Federation of Indian Spice Stakeholders (FISS), on Sunday introduced its crop estimate for cumin seed with a 29-per cent leap in the crop dimensions from very last calendar year. The believed creation for the calendar year 2020, is believed at 5,35,500 tonnes as from the believed 4,16,600 tonnes in 2019.
The overall region beneath jeera has enhanced by about twenty five per cent at 10,twenty five,600 hectares. Of the two jeera developing states, Gujarat has witnessed forty per cent leap in the acreage to 4,39,830 hectares for 2020 as from three,fifteen,000 hectares very last calendar year. While Rajasthan reported a modest 16 per cent maximize in the cuminseed region at 5,85,770 hectares as from 5,06,000 hectares very last calendar year. The overall produce is believed to be in the array of 522 kg per hectares with a marginal maximize of three per cent more than very last calendar year.
“Right after excellent monsoon and enhanced weather, favourable weather situations have supported the crop. Even so, there are some issues for the subsequent two-three weeks as most of the crop is nonetheless standing in the fields and any climatic disturbance at this juncture might adversely influence the crop,” explained Ashwin Nayak, Chairman, Federation of Indian Spice Stakeholders (FISS) following the marketplace fulfill in Udaipur on Sunday.
Talking to Businesline, Nayak also expressed issues on the rate outlook for the spice crop, which has significant export need in China and Europe. “Due to coronavirus scare, trade is getting a hit. This is putting extra stress on the prices, which are already ruling low thanks to larger crop potential customers. We are nonetheless seeing the subsequent fortnight to consider a cue for the prices. If the virus is not contained then there is probably to be a double blow to the jeera prices and might fall even further,” Nayak explained.
The place prices have already fallen to Rs 13,903.fifty five a quintal, which is Rs 600-700 fall in a month. Jeera futures for March agreement on NCDEX was weaker at Rs 13,605.
Coriander crop estimates
For the coriander crop, FISS has projected a sharp fifty five per cent leap in the overall output in the country supported by a steep 275-per cent surge in acreage in Gujarat at 1,14,320 hectares this calendar year as from 30,500 hectares very last calendar year. The crop dimensions in Gujarat is anticipated to be larger by 293 per cent to 1,fifty two,770 tonnes for the calendar year.
Coriander crop in Madhya Pradesh and Rajasthan is projected at 1,45,470 tonnes and 84,830 tonnes respectively. While Madhya Pradesh is established to have an maximize of twenty five per cent in coriander crop, the exact in Rajasthan is believed to fall by about eight per cent on calendar year-on-calendar year comparision.
“Over-all region coated beneath Coriander has larger by 47% more than very last calendar year thanks to excellent availability of water. Over-all typical yields are marginally larger by 5% from very last calendar year,” stated FISS in its crop estimate for the crop.
Coriander futures are also hammered by the larger crop estimate, as the prices have fallen from Rs 7548 per quintal in January 2020 to Rs 5835 for the April agreement on NCDEX.
Fennel seed and fenugreek estimates
For the other two key spices crops, fennel seed and fenugreek, FISS has believed an maximize in output by 19 per cent and 32 per cent respectively. “All India region coated beneath Fennel seed has enhanced by 10% more than very last calendar year. On account of larger region & enhanced produce All India Fennel Seed creation is larger by 19% more than very last calendar year. Over-all typical yields are showing a enhanced by eight% from very last calendar year,” FISS stated projecting the overall fennel seed crop at 89,970 tonnes for the calendar year 2020.
For fenugreek, FISS has projected a crop dimensions of 1,sixty five,810 tonnes for 2020. “Spot coated beneath Fenugreek has enhanced by 30% more than very last calendar year thanks to excellent availability of water. Average yields are marginally (two%) larger from very last calendar year. On account of larger region and marginally larger yields fenugreek creation is anticipated to leap by 32% more than very last calendar year,” it stated.