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Spot Jeera Collapses Rs 55/20Kgs in Unjha This Week; Futures End Near 6-Week Lows

27 Nov 2020 6:00 pm
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Mumbai (Commodities Control) - Spot jeera prices dropped Rs 10 per 20 kgs at unjha mandi on Friday, while the spice fell Rs 20 per 20 kgs at Unjha mandi on Thursday. The spice has declined for the fourth consecutive session. Meanwhile prices in Rajkot were stable for the third straight session. At Unjha mandi, jeera prices have dropped Rs 55 per 20 Kgs in the last four trade sessions. Futures ended mixed on Friday, after witnessing a sharp decline on Thursday.


On NCDEX, December and April futures ended Rs 5 weaker and Rs 5 higher at Rs 13,780 and Rs 14,000 per Quintal. The most-active December contract of jeera hit a six-week low of 13,760 rupees per 100 kg on NCDEX on Thursday, due to sluggish demand from bulk buyers.

Analysts forecast a weak outlook for jeera because of fall in demand from bulk buyers due to rising cases of COVID-19 across the country.


Today Unjha mandi reported arrivals of 13,000 bags of jeera,unchanged from the last session. Meanwhile all the jeera varieties shed Rs 10 per 20 kgs, here. Rough variety of Jeera was quoted at Rs. 2195-2265 per 20 kg. NCDEX Jeera was priced at Rs. 2310-2415 per 20 kg. Bombay Bold was quoted at Rs. 2575-2665 per 20 kg and Best quality was quoted at Rs 2515-2565.


In Rajkot, jeera varieties were quoted unchanged for the third straight session. Europe Quality was quoted at Rs. 2530-2600, Singapore and Discolour were priced unchanged at Rs. 2440-2540 and Rs. 2390-2440 respectively. Super quality was quoted at Rs. 2650-2700, Europe-Mundra at Rs. 2880-2900 and Singapore-Mundra at Rs. 2790-2800 per 20 kg. All the three varieties were priced unchanged. The mandi reported steady arrivals of 800 bags unchanged from last session.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2195

2265

2205

2275

-10

13000

Jeera

Unjha

Ncdex (20 Kg)

2310

2415

2320

2425

-10

Jeera

Unjha

Best Quality (20 Kg)

2515

2565

2525

2575

-10

Jeera

Unjha

Bomabay BOLD (20 Kg)

2575

2665

2585

2675

-10

Jeera

Rajkot

Europe Quality (20 Kg)

2530

2600

2530

2600

0

800

Jeera

Rajkot

Singapore Quality (20 Kg)

2430

2540

2430

2540

0

Jeera

Rajkot

Discolor (20 Kg)

2340

2440

2340

2440

0

Jeera

Rajkot

Super Quality (20 Kg)

2650

2700

2650

2700

0

Jeera

Rajkot

Europe - Mundra

2880

2900

2880

2900

0

Jeera

Rajkot

Singapore Mundra

2780

2800

2780

2800

0



       
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