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Spot Jeera Weakens taking Cues from Dull Futures

7 Aug 2020 6:55 pm
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Mumbai (Commodities Control) - Spot jeera prices were steady in Gujarat mandis amid weak cues from Futures and weak demand. Futures platform witnessed a sell-off towards the end of the session, due to which NCDEX September futures ended Rs 20 lower at Rs 13960 per Quintal.

Unjha mandi of Gujarat registered arrivals of 12,000 bags; lowest this week. Rough jeera was quoted at Rs 1945-2220 and NCDEX ariey was priced at Rs 2320-2505 per 20 Kgs.


Meanwhile Rajkot mandi reported arrivals of 1100 bags, as Singapore variety was quoted at Rs 2494-2565 and Europe quality was priced at Rs 2610-2670 per 20 kgs.


Traders confirm that outstation demand is weak at the moment and most of the private deals are taking place outside of mandis. Meanwhile dull futures are keeping jeera prices steady.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

1945

2220

1945

2220

0

10-12000

Jeera

Unjha

Ncdex (20 Kg)

2320

2505

2320

2505

0

Jeera

Unjha

Best Quality (20 Kg)

2520

2620

2520

2620

0

Jeera

Unjha

Bomabay BOLD (20 Kg)

2730

2820

2730

2820

0

Jeera

Rajkot

Europe Quality (20 Kg)

2610

2670

2610

2670

0

1100

Jeera

Rajkot

Singapore Quality (20 Kg)

2494

2565

2494

2565

0

Jeera

Rajkot

Discolor (20 Kg)

2396

2410

2396

2410

0

Jeera

Rajkot

Super Quality (20 Kg)

2685

2705

2685

2705

0

Jeera

Rajkot

Europe - Mundra

2885

3010

2885

3010

0

Jeera

Rajkot

Singapore Mundra

2910

2930

2910

2930

0




       
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