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Jeera: Spot Prices Soar Tracking Firm Futures, Weak Arrivals in Unjha

28 Sep 2020 6:12 pm
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Mumbai (Commodities Control) - Spot jeera prices ended stronger tracking firm cues from futures markets. The spice upped Rs 10-15 per 20 Kgs in Rajkot and Unjha on Monday. Market anticipates festive demand starting next month-onwards.

NCDEX October futures ended Rs 70 higher at Rs 13,720 per Quintal and November futures was Rs 115 up to settle at Rs 13,750 per Quintal on Monday.

Unjha mandi reported arrivals of 10,000 bags down from 12,000 bags on 24th September, as prices soared Rs 15 for all the jeera varieties on Monday. Rough jeera was quoted at Rs 2130-2230 and NCDEX quality was priced at Rs 2330-2380 per 20 Kgs. Best quality upped Rs 15 to Rs 2480-2530 per 20 kgs.

Rajkot mandi reported increased arrivals of 800 bags vs 600 bags in the last session, while prices rose Rs 10 per 20 Kgs for all jeera varieties. Europe and Singapore quality were quoted at Rs 2370-2470 and Rs 2270-2415 per 20 Kgs, respectively. Singapore-Mundhra was quoted weak at Rs 2720-2745 and Discolour variety was priced at Rs 2270-2320 per 20 Kgs, unchanged.

Experts reveal that Indian spices primarily jeera, turmeric and ginger are in high demand from international destinations. According to Spices Board of India estimates,during April-July 2020 4.33 Lk tonnes of spices were exported, valued at 7760 Crores, while last year 3.2 Lk tonnes of spices were exported, value of which was reported at around Rs 7028, for the corresponding period. This accounts for nearly 10% of rise in terms of quality and value exported.

Due to its immunity-boosting properties Indian spices are being sought after by China, Iran, Morocco and Bangladesh apart from the usual importers- U.S and Europe,.

Commodity

Market

Variety

Min

Max

Min

Max

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2130

2230

2115

2215

15

10000

Jeera

Unjha

Ncdex (20 Kg)

2330

2380

2315

2365

15

Jeera

Unjha

Best Quality (20 Kg)

2480

2530

2465

2515

15

Jeera

Unjha

Bombay BOLD (20 Kg)

2630

2680

2615

2665

15

Jeera

Rajkot

Europe Quality (20 Kg)

2370

2470

2360

2460

10

800

Jeera

Rajkot

Singapore Quality (20 Kg)

2270

2415

2260

2405

10

10+

Jeera

Rajkot

Discolor (20 Kg)

2270

2320

2260

2310

10

Jeera

Rajkot

Super Quality (20 Kg)

2470

2520

2460

2510

10

Jeera

Rajkot

Europe - Mundra

2720

2820

2710

2810

10

Jeera

Rajkot

Singapore Mundra

2720

2745

2710

2735

10


       
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