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Jeera prices rally in spot, futures on strong buying

24 Jan 2022 7:35 pm
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New Delhi, 24 January (Commoditiescontrol) Jeera prices rose sharply on Monday in the spot market amid bullish buying and firmer cues from futures. Jeera futures rallied on back of strong fundamentals. The demand for jeera from local processors have gained and export demand is also expected to remain firm this year.

Prices rose upto Rs 50 per 20 kg at the spot market of Unjha, while Rajkot market witnessed a jump by up to Rs 100 per 20 kg.

The demand for the spice is already high due to lack of production in the major cumin seed producing countries.

March futures opened with a bang in the morning session which impacted buying at Rajkot mandi.

The March futures gained upto Rs 400 in the morning session itself and maintained the upward trend throughout the day.

Jeera futures settled at Rs 18760 by the end of the session with a gain of 2.49% or Rs 455 per quintal from the previous session.

Commodity

Market

Variety

Min

Max

Prev. Min

Prev. Max

Change

Arrivals

Jeera

Unjha

Rough (20 kg)

2950

3050

2900

3000

50

12000

Jeera

Unjha

Ncdex (20 kg)

3050

3150

3000

3100

50

Jeera

Unjha

Best Quality (20 kg)

3150

3250

3100

3200

50

Jeera

Unjha

Bomabay BOLD (20 kg)

3350

3430

3300

3380

50

Jeera

Rajkot

Europe Quality (20 kg)

3400

3500

3320

3400

100

800

Jeera

Rajkot

Singapore Quality (20 kg)

3350

3400

3220

3320

80

Jeera

Rajkot

Discolor (20 kg)

3250

3350

3120

3250

100

Jeera

Rajkot

Super Quality (20 kg)

3400

3500

3370

3420

80

Jeera

Rajkot

Europe - Mundra (20 kg)

3700

3800

3690

3720

80

Jeera

Rajkot

Singapore Mundra (20 kg)

3650

3680

3520

3580

100

(By Commodities control Bureau; +91 9820130172)


       
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