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Spot Jeera Falls Up To Rs 50/20Kg On Better Crop Prospects

22 Jan 2020 7:15 pm
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MUMBAI (Commoditiescontrol) - Spot jeera prices fell by Rs 25-50 per 20kg at the major Unjha and Rajkot markets in Gujarat on Wednesday as favourable climatic conditions and improved water availability following good monsoon rains have brightened crop prospects.

Arrivals today stood at 5,000 bags at Unjha and 600 bags at Rajkot. At Unjha mandi, the price of rough jeera was at Rs 2,570-2,620 while the price of NCDEX variety ruled at Rs 2,730-2,830/20 kg.

According to traders, the overall sentiment is weak as sharp increase in acreage in Gujarat and Rajasthan and favourable weather conditions across the growing regions may lead to rise in production.

Jeera growers in Rajasthan and Gujarat are expecting about 25-30 percent higher yield over last year. Though official numbers are still not out, indications from traders and farmers point to a crop size of about 5 lakh tonnes as against about 4.1 lakh tonnes in the previous year.

Meanwhile, total area sown under jeera/cumin in Gujarat, the largest producing state, was at 4.88 lakh hectares as on January 20 in the current 2019-20 rabi season, up 40.36 percent or 1,40,282 hectares from 3.48 lakh hectares over the year-ago period, as per the state agriculture department's data.

Jeera for delivery in March at the National Commodity and Derivatives Exchange (NCDEX) ended lower by Rs 220 or 1.49 percent at Rs 14,560 per quintal after moving in the range of Rs 14,745 and Rs 14,560 per quintal.

Commodity

Market

Variety

Min

Max

Min Previous Day

Max Previous Day

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2570

2620

2620

2670

-50

5000

Jeera

Unjha

Ncdex (20 Kg)

2730

2830

2770

2870

-40

Jeera

Unjha

Best Quality (20 Kg)

2930

2980

2970

3020

-40

Jeera

Unjha

Bomabay BOLD (20 Kg)

3080

3180

3130

3230

-50

Jeera

Rajkot

Europe Quality (20 Kg)

2835

2935

2860

2960

-25

600

Jeera

Rajkot

Singapore Quality (20 Kg)

2780

2825

2805

2850

-25

Jeera

Rajkot

Discolor (20 Kg)

2735

2785

2760

2810

-25

Jeera

Rajkot

Super Quality (20 Kg)

2925

2980

2950

3005

-25

Jeera

Rajkot

Europe - Mundra

3185

3235

3210

3260

-25

Jeera

Rajkot

Singapore Mundra

3105

3130

3130

3155

-25


       
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