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Jeera: Spot Prices Rise Despite Increased Arrivals; Futures Ends Firm

23 Sep 2020 6:52 pm
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Mumbai (Commodities Control) - Spot jeera prices ended firm on Wednesday across the major mandis in the country, after a session of weakness in the last session. It is interesting to note that prices jumped higher amid increased arrivals. Futures prices gathered momentum amid positive cues from spot markets.

NCDEX October futures recovered in today’s session, after having dropped in the previous session. The most-active contract ended Rs 45 higher at Rs 13,650 per Quintal and November futures was Rs 95 firm to close at Rs 13,750 per Quintal.


Unjha registered arrivals of nearly 12,000 vs 11,000 bags, as the prices of all jeera varieties rose Rs 15 per 20 Kgs at Unjha mandi. Rough jeera and Best quality was quoted at Rs 2115-2215 and Rs 2465-2515 per 20 Kgs, respectively. NCDEX quality was quoted at Rs 2315-2365 per 20 Kgs and Bombay Bold prices was priced at Rs 2615-2665 per 20 Kgs.


Meanwhile Rajkot mandi reported arrivals of 700 bags vs 600 bags in the last session, as prices of all jeera varieties rose Rs 10 per 20Kgs. Europe and Singapore quality were quoted at Rs 2380-2480 and Rs 2280-2465 per 20 Kgs, respectively. Singapore-Mundhra was quoted higher at Rs 2730-2755 and Discolour variety was priced at Rs 2280-2330 per 20 Kgs, up Rs 10 per 20 kgs.

Traders attribute this to buying at lower levels, after prices continued to decline in the last few sessions.


Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2115

2215

2100

2200

15

12000

Jeera

Unjha

Ncdex (20 Kg)

2315

2365

2300

2350

15

15+

Jeera

Unjha

Best Quality (20 Kg)

2465

2515

2450

2500

15

Jeera

Unjha

Bomabay BOLD (20 Kg)

2615

2665

2600

2650

15

Jeera

Rajkot

Europe Quality (20 Kg)

2380

2480

2370

2470

10

700

Jeera

Rajkot

Singapore Quality (20 Kg)

2280

2425

2270

2415

10

10+

Jeera

Rajkot

Discolor (20 Kg)

2280

2330

2270

2320

10

Jeera

Rajkot

Super Quality (20 Kg)

2480

2530

2470

2520

10

Jeera

Rajkot

Europe - Mundra

2730

2830

2720

2820

10

Jeera

Rajkot

Singapore Mundra

2730

2755

2720

2745

10



       
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