Seeds of Cumin - Price Values and Quantity by Year from 2000 to 2007

3.6.10 Seeds of Cumin - Price Values and Quantity by Year from 2000 to 2007

3.6.10.1 Overview

 

Scientific name:

Cuminum cyminum L.

Plant part used:

Essential oil is extracted from seeds

HS Code:

090930000

SITC Code:

075263000

3.6.10.2 Analysis

The graph of seeds of cumin showed a spike in the quantities exported during the period between 2000 to 2007. The export quantities initially increased and  decreased thereafter. The maximum quantity exported was  in 2002  with a value of 2,637,296 kg. There was a high demand for the seeds during that point of time  Revenue profile followed the same pattern as that  of quantities exported. The cost per kg of product was relatively high and it ranged from RM1.57 to RM7.20. The graph for the unit cost of the product exhibited irregular profile due to market forces of  supply and demand.

Except for the year 2006, the price differences per unit kg of product showed negative values. During this  period  the demand for the product by foreign countries was significantly reduced and that the exporters were bound to supply to their clients.

 

Table 81: Summary of export values and volumes

 table_81

 

Figure 131: Malaysia’s export 2000 – 2007 for Seeds of Cumin

f_131

 

Figure 132: Exported Seeds of Cumin price trend 2000 – 2007

f_132

 

Table 82: Export and Import Unit Cost Differences of Herbal Products:

2000 -2007

Year

Export

(RM)

Import

(RM)

Diff (RM)

2000

6.95

7.93

-0.98

2001

1.57

7.38

-5.81

2002

1.97

4.08

-2.11

2003

4.1

4.83

-0.73

2004

4.48

6.13

-1.65

2005

2.68

6.44

-3.76

2006

7.17

6.56

0.61

2007

7.2

9.1

-1.9