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Jeera: Spot Arrivals Crack Lower for Second Straight Session amid Firm Arrivals, Muted Demand

18 Sep 2020 3:41 pm
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Mumbai (Commodities Control) - Spot jeera prices weakened for second consecutive session across the major mandis as futures prices continue to trade weak in Friday’s session. Firm arrivals and weak demand additionally weigh on jeera prices.


NCDEX September contract will expire today, as it trades Rs 185 lower at 3.23 pm, while most-active October futures were trading at Rs 13,895 per Quintal, down Rs 35. November futures dropped Rs 90 to trade at Rs 13,920 per Quintal.


Unjha registered arrivals of nearly 13,000 bags, as Rough jeera and Best quality drops Rs 25 to be quoted at Rs 1825-2100 and Rs 2375-2475 per 20 Kgs, respectively. NCDEX quality was quoted at Rs 2205-2330 per 20 Kgs, down Rs 20.and Bombay Bold prices dropped Rs 20 Rs 2530-2630 per 20 Kgs.


Meanwhile Rajkot mandi reported higher arrivals at 900 bags vs 700 bags in the last session, as prices of all jeera varieties drop Rs 10 per 20Kgs. Europe and Singapore quality were quoted at Rs 2440-2540 and Rs 2340-2485 per 20 Kgs, respectively. Singapore-Mundhra gave Rs 10 to be quoted at Rs 2790-2815 and Discolour variety lowered at Rs 2340-2390 per 20 Kgs, down Rs 10, on Friday.

Traders do not see much scope of price rise, hereon. Unjha-based traders note that rains in the producing regions have interrupted farm arrivals for now, which will gain momentum as the monsoon starts to withdraw. Weak demand is additionally weighing on jeera prices.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

1825

2100

1850

2125

-25

13000

Jeera

Unjha

Ncdex (20 Kg)

2205

2330

2225

2350

-20

20-25-

Jeera

Unjha

Best Quality (20 Kg)

2375

2475

2400

2500

-25

Jeera

Unjha

Bomabay BOLD (20 Kg)

2530

2630

2550

2650

-20

Jeera

Rajkot

Europe Quality (20 Kg)

2440

2540

2450

2550

-10

900

Jeera

Rajkot

Singapore Quality (20 Kg)

2340

2485

2350

2495

-10

10-

Jeera

Rajkot

Discolor (20 Kg)

2340

2390

2350

2400

-10

Jeera

Rajkot

Super Quality (20 Kg)

2540

2590

2550

2600

-10

Jeera

Rajkot

Europe - Mundra

2790

2890

2800

2900

-10

Jeera

Rajkot

Singapore Mundra

2790

2815

2800

2825

-10

Jeera

Gondal

Super Quality (20 Kg)

0

Jeera

Gondal

Medium (20 Kg)

0




       
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