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Spot Jeera Prices Up At Rajkot On Low-Level Demand

24 Jan 2020 6:41 pm
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MUMBAI (Commoditiescontrol) - Spot jeera prices gained by Rs 10 per 20 kg at the major Rajkot market in Gujarat on Friday due to increased demand at lower levels.

Arrivals today stood at 5,600 bags at Unjha and 900 bags at Rajkot.

According to traders, the overall sentiment is weak as sharp increase in acreage in Gujarat and Rajasthan and favourable weather conditions across the growing regions may lead to rise in production.

Jeera growers in Rajasthan and Gujarat are expecting about 25-30 percent higher yield over last year. As the sowing was delayed, the harvest will also get extended to March instead of the usual February, according to the exporters.

Rain shortfall led to a 12 percent drop in jeera output to 6,07,972 tonnes in the last harvest in early 2019, Spices Board data showed.

Meanwhile, total area sown under jeera/cumin in Gujarat, the largest producing state, was at 4.88 lakh hectares as on January 20 in the current 2019-20 rabi season, up 40.36 percent or 1,40,282 hectares from 3.48 lakh hectares over the year-ago period, as per the state agriculture department's data.

Jeera for delivery in March at the National Commodity and Derivatives Exchange (NCDEX) ended lower by Rs 265 or 0.03 percent at Rs 14,700 per quintal after moving in the range of Rs 14,750 and Rs 14,605 per quintal.

Commodity Market Variety Min Max Change(Max Today-Prev Max) Arrival
Jeera Unjha Rough (20 Kg) 2500 2600 5600
Jeera Unjha Ncdex (20 Kg) 2700 2800
Jeera Unjha Best Quality (20 Kg) 2900 3000
Jeera Unjha Bomabay BOLD (20 Kg) 3000 3100
Jeera Rajkot Europe Quality (20 Kg) 2810 2910 10 900
Jeera Rajkot Singapore Quality (20 Kg) 2710 2810 10
Jeera Rajkot Discolor (20 Kg) 2610 2710 10
Jeera Rajkot Super Quality (20 Kg) 2910 3010 10
Jeera Rajkot Europe - Mundra 3160 3210 10
Jeera Rajkot Singapore Mundra 3060 3110 10



       
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