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Spot Jeera Prices Tank Due to Weak Demand

5 Aug 2020 6:41 pm
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Mumbai (Commodities Control) - Jeera prices collapsed Rs 10-25 per 20 kgs in Unjha and Rajkot mandi of Gujarat amid weak demand, although futures prices were highly volatile.

NDEX August jeera contract settled tad bit higher at Rs 13935 per Quintal, while September contract dropped Rs 45 to be quoted at Rs 13,905 per Quintal.

Unjha registered arrivals of 18,000 bags of jeera, as Rough jeera was quoted at Rs 1945-2220 and NCDEX variety as quoted at Rs 2320-2505, Rs 25 lower. Best quality was priced Rs 25 lower at Rs 2520-2620 per 20 kgs.

Rajkot mandi registered arrivals of 700 bags, as Europe Quality dipped Rs 10 lower at Rs 2600-2660 and Singapore quality was priced at Rs 2484-2555 per 20Kgs. Discolour was quoted at Rs 2386-2400, down Rs 20 and Super Quality was quoted at Rs 2675-2595 per 20 Kgs.

Jeera demand has been affected due to closure of various mandis amid rising infection cases.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

1945

2220

1965

2240

-20

18000

Jeera

Unjha

Ncdex (20 Kg)

2320

2505

2345

2530

-25

20-25-

Jeera

Unjha

Best Quality (20 Kg)

2520

2620

2545

2645

-25

Jeera

Unjha

Bomabay BOLD (20 Kg)

2730

2820

2750

2840

-20

Jeera

Rajkot

Europe Quality (20 Kg)

2600

2660

2610

2670

-10

700

Jeera

Rajkot

Singapore Quality (20 Kg)

2484

2555

2494

2565

-10

10-20-

Jeera

Rajkot

Discolor (20 Kg)

2386

2400

2406

2420

-20

Jeera

Rajkot

Super Quality (20 Kg)

2675

2695

2695

2715

-20

Jeera

Rajkot

Europe - Mundra

2875

3000

2895

3020

-20

Jeera

Rajkot

Singapore Mundra

2900

2920

2920

2940

-20



       
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