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Jeera price extend fall at Gujarat as sellers active on new crop arrivals

7 Feb 2023 6:56 pm
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Mumbai, Feb 7 (Commoditiescontrol): Jeera prices extend fall for second straight day in a row by Rs 100-150/20Kg at Rajkot and Unjha market, as per quality on Tuesday as sellers were active on increase in new crop arrivals.

Prices are likely to remain under pressure as arrivals of new crop will gather pace within 8-10 days at surrounding areas due to clear hot weather and also marriage season also may over.

At Unjha, new Jeera traded at Rs 5,500-6,200/20Kg, as per quality with arrivals of 500 bags (Each bag of 60 Kg) with moisture contain quality.

Today, new Jeera traded at Rs 5,300-6,000/20Kg amid arrivals of 80-100 bags (Each bag of 60 Kg) at Rajkot.

Increased old jeera arrivals of 2500-3000 bags from surrounding areas at Unjha were witnessed. As per the market report, about 10000 bags were on sale in the local market.

Similarly, commodity traded down by Rs 100-150/20Kg, as per quality at the Rajkot market on thin local buying amid steady arrivals of 300-350 bags.

Jeera stock at the NCDEX accredited warehouses as on February 6 was reported at 512 MT at Unjha center, down from 1,013 MT in the previous day, as per exchange data.

Jeera contract for March delivery settled at Rs 32840/quintal showing an rise of Rs 225 over previous close of Rs 32615/quintal,The contract moved in the range of Rs 32060-32900 for the day. Open interest decreased by 54 MT to 4224 MT, while trading volume decreased by 540 to 1788 MT.

Jeera contract for April delivery settled at Rs 33045/quintal showing an rise of Rs 195 over previous close of Rs 32850/quintal,The contract moved in the range of Rs 32310-33080 for the day. Open interest increased by 72 MT to 1956 MT, while trading volume decreased by -519 to 732 MT.

Jeera contract for May delivery settled at Rs 33100/quintal showing an fall of Rs 800 over previous close of Rs 33900/quintal,The contract moved in the range of Rs 33100-33100 for the day. Open interest was simillar by 0 MT to 9 MT, while trading volume decreased by 3 to 0 MT.

Currently The spread between March and April contract is 205 Rs/quintal.

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