Field spice crop prospects look bright this season

 

Great monsoon and bigger acreage, supported by favourable climate disorders, have brightened crop prospective clients for key area spices – developed on the area and not on the crops – including cumin seed (jeera) and coriander seeds (dhana), between other people.

The Federation of Indian Spice Stakeholders (FISS) on Sunday produced its crop estimate for jeera with 29 per cent bounce in crop size from last yr, from 4,16,600 tonnes in 2019 to five,35,500 tonnes this yr.

Greater acreage

The complete region below jeera has increased by about twenty five per cent at 10,twenty five,600 hectares. Gujarat and Rajasthan are the two jeera escalating States, in which the acreage has viewed 40 per cent and 16 per cent bounce from last yr, respectively, to 4,39,830 hectares and five,85,770 hectares. The overall produce is believed to be in the array of 522 kg per hectare with a marginal enhance of 3 per cent above last yr.

 

 

“After a very good monsoon, favourable climate disorders have supported the crop. Nonetheless, there are some concern for the up coming two-3 weeks as most of the crop is nevertheless standing in the fields and any climatic disturbance at this stage could adversely impact the crop,” claimed Ashwin Nayak, former chairman, Federation of Indian Spice Stakeholders (FISS), soon after the business fulfill in Udaipur on Sunday.

The business is concerned about the rate outlook amid the worldwide coronavirus scare and increased crop estimates. China and Europe are the major places for jeera exports. With uncertainty above exports and increased output estimates, selling prices are probably to get a hammering both of those in place as well as futures. The place selling prices have now fallen to ₹13,903.55 a quintal, which is ₹600-seven hundred tumble within a month. Jeera futures for March deal on NCDEX was also down at ₹13,605.

Coriander seed is also probably to see a sharp 55 per cent bounce in the overall output supported by a steep 275-per cent surge in acreage in Gujarat at 1,14,320 hectares this yr as towards 30,500 hectares last yr. The crop size in Gujarat is envisioned to be bigger by 293 per cent to 1,fifty two,770 tonnes for the yr.

While Madhya Pradesh is set to see a modest increase in the output with twenty five per cent bounce, Rajasthan will see a tumble of about eight per cent in the output above last yr. Greater crop prospective clients has also brought down coriander seed futures on NCDEX which fell from ₹7,548 per quintal in January 2020 to ₹5,835 for the April deal.

The other major area spices crops, fennel seed and fenugreek, FISS has believed an enhance in output by 19 per cent and 32 per cent respectively. Fennel seed crop is believed at 89,970 tonnes, while fenugreek output is projected at 1,65,810 tonnes for 2020.