Login ID:
Partner Login
Contact Us : 7066511911

Weekly: Spot Jeera Likely To Witness Further Weakness

17 Jun 2019 2:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
MUMBAI (Commoditiescontrol) - In NCDEX July futures contract, cumin/jeera price during 04 th June 2019 stood at INR 17,915 per quintal which declined sharply to INR 17,240 per quintal levels on 14 th June 2019.

The decline is attributed to poor buying activities in the physical markets. Also, the availability of graded (export standard) quality material is very limited as per the information from buyers. Forecast on July and August 2019 rainfall is positively favourable which can increase the soil moisture for Rabi sowing.

Cumin arrivals during the week in Unjha market stood at 33,000 bags. In Physical market, the modal price of cumin declined to INR 153 per kg levels from INR 158 per kg levels. Harvest in Syria and Turkey starts from post mid-June however the major destinations are focusing on Indian cumin.


Last week range 17975---17210

Settled 17270, below key support to signal further weakness till 16800-16700-16500


As we rightly mentioned last week Jeera came under renewed pressure and may probably retest 16900- 16700-16500 going forward.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Special Reports
WEEKLY Red Chilli: Prices Likely To Remain Firm On Expo...
WEEKLY Jeera: Prices Likely To Fall Ahead
WEEKLY: Coriander Export May Decline Ahead Amid Supply ...
WEEKLY Cardamom: Prices Unlikely To Come Down Due To De...
WEEKLY Turmeric: Market Appears To Be Weak As Monsoon P...
Top 5 News
Stock Position At JNPT Of Veg Oil (Edible Grade) On 22....
U.S. Dollar Index—Consolidating Within a Triangle Patte...
USD/INR—A Close Above 69.50 Confirms a Trend Reversal
USD/IDR—Consolidating Near 52-Wk Lows / Reiterate Beari...
USD/BRL—Reiterate Bearish Stance / More Weakness May Li...
Top 5 Market Commentary
Uptrend Continues In Spot Pepper On Supply Squeeze
Market Wise Chana Arrivals: Supply Down -4.72% Against ...
Sudan/Burma/Russia Kabuli Chana Moves Higher In Mumbai
Maharashtra Sugar Mill Prices – 23 July 2019.
Tur Close Higher In Kanpur Amid No Sellers Active
Copyright © CC Commodity Info Services LLP. All rights reserved.