Recently, the cumin market has changed significantly, especially after the Spring Festival in 2024, domestic cumin has experienced a large increase, and imports have risen to about 42 yuan, a significant increase from 37 yuan a year ago, and the supply of goods is also particularly tight. At the same time, foreign cumin ** has decreased sharply, falling to about yuan.
Data**: Chinese herbal medicine world.
The main reason for cumin*** can be traced back to January this year, when merchants sold cumin in large quantities due to market panic, which led to a stampede in the market. However, the merchants did not go in time, resulting in a gap between supply and demand in the current market, which in turn led to the emergence of domestic cumin. It is worth noting that foreign cumin** has been slightly lowered, and this difference may be related to the different coping strategies of merchants after the market panic.
The volatility of the cumin market is affected by a variety of factors, one of which is the volume of imports. China mainly imports cumin from India, and the large increase in 2023 is due to the poor harvest of cumin in India, and the excessive amount of rain has led to a large area of cumin death, so that the second factor of cumin in Xinjiang is the planting area, when the planting area expands, the output will increase accordingly, and the buyer may use this to depress**. It is understood that in 2024, the planting area of cumin in India will expand by 50%, and the planting area in Xinjiang will also expand a lot, and it is initially estimated that the planting area of cumin in 2024 will be 3-4 times that of 2023. Once Indian cumin is listed, the market volume will increase significantly, and there is a possibility of a sharp decline at that time.
Cumin has a short production cycle, strong adaptability, drought tolerance, and pest and disease resistance growth habits, resulting in its wide range of cultivation areas. However, in the case of poor efficiency, farmers will reduce planting on a large scale, triggering **fluctuations, forming an average wave of ** every two years. In the future, with the listing of cumin in India and the large-scale production release in Xinjiang, the market volume will increase, and cumin will usher in a significant decline. Zhongxiang recommends that industry participants pay close attention to market trends and adjust their strategies in a timely manner to better adapt to market changes.