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Spot Jeera Prices Rise in Unjha, Steady in Rajkot; Futures Firm

1 Oct 2020 4:43 pm
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Mumbai (Commodities Control) - Spot jeera prices rose Rs 10 per 20 Kgs in Unjha mandi, while it continues to be unchanged for the second consecutive session in Rajkot mandi. In the previous session, a muted trade session was witnessed at both the mandis.Jeera on futures traded firm taking positive cues from spot markets.


NCDEX October futures traded Rs 45 higher at Rs 13,775 per Quintal and November futures upped at Rs 13,860 per Quintal, up Rs 50 on Thursday, at 4.36 pm.


Unjha mandi reported reduced arrivals of 11,000 bags vs 12,000-13,000 bags in the last session. Rough jeera was quoted Rs 10 higher at Rs 2165-2265 and NCDEX quality was priced at Rs 2365-2415 per 20 Kgs. Best quality was quoted at Rs 2515-2565 per 20 kgs, up Rs 10.


Rajkot mandi reported increased arrivals of 1400 bags vs 900 bags in the last session. Jeera prices were quoted stable at Rajkot mandi for the second straight session. Europe and Singapore quality were quoted at Rs 2390-2490 and Rs 2290-2435 per 20 Kgs, respectively. Singapore-Mundhra was quoted flat at Rs 2740-2765 and Discolour variety was priced at Rs 2290-2340 per 20 Kgs.


Traders attribute the firmness in prices to steady domestic buying. However, the slowdown in overseas buying caps the upside.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2165

2265

2155

2255

10

11000

Jeera

Unjha

Ncdex (20 Kg)

2365

2415

2355

2405

10

10-15+

Jeera

Unjha

Best Quality (20 Kg)

2515

2565

2505

2555

10

Jeera

Unjha

Bomabay BOLD (20 Kg)

2635

2715

2625

2705

10

Jeera

Rajkot

Europe Quality (20 Kg)

2390

2490

2390

2490

0

1400

Jeera

Rajkot

Singapore Quality (20 Kg)

2290

2435

2290

2435

0

Jeera

Rajkot

Discolor (20 Kg)

2290

2340

2290

2340

0

Jeera

Rajkot

Super Quality (20 Kg)

2490

2540

2490

2540

0

Jeera

Rajkot

Europe - Mundra

2740

2840

2740

2840

0

Jeera

Rajkot

Singapore Mundra

2740

2765

2740

2765

0



       
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