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Jeera: Upside Rally Halts in Unjha, Rajkot amid Steady Arrivals; Futures End Mixed

20 Oct 2020 6:19 pm
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Mumbai (Commodities Control) - Spot jeera prices crack lower on Tuesday, after an extended upward rally since last week, at Unjha mandi of Gujarat. Meanwhile prices hold steady in Rajkot today.

Both the mandis extended price rise in jeera since last week, on the back of strong domestic and overseas demand. On Monday, spice shot up over Rs 30 in Unjha, in Rajkot the price of all varieties was upped by Rs 25.

As was anticipated and informed to our readers last week, the spot prices upped by about Rs 70 per 20 Kgs before cooling off, at Unjha mandi.

It is interesting to note that jeera prices corrected Rs 20 per Kgs for all the varieties at Unjha mandi amidst arrivals of 16,000 bags vs 17,000 bags in the last session. Rough variety of Jeera traded at Rs. 2275-2325 per 20 kg. NCDEX Jeera traded at Rs. 2325-2425 per 20 kg in the same mandi. Bombay Bold was at Rs. 2625-2725 per 20 kg.

Meanwhile in Rajkot, prices of all the varieties of jeera were unchanged, on Tuesday. Europe quality traded at Rs. 2425-2475, Singapore Rs. 2325-2425, discolour Rs. 2225-2325, super quality Rs. 2515-2565, Europe-Mundra Rs. 2475-2525 and Singapore-Mundra Rs. 2625-2675 per 20 kg. The mandi reported arrivals of 1,100 bags vs 1,000 bags in the last session.

On NCDEX, Jeera November settled Rs 50 higher at Rs 14,125, while December futures ended Rs 15 lower at Rs 14,200. Jeera futures managed to climb nearly Rs 400 between 15th-20th October on the back of festive demand as well as export buying.

20/10/2020

19/10/2020

Jeera

Unjha

Rough (20 Kg)

2275

2325

2295

2345

-20

16000

Jeera

Unjha

Ncdex (20 Kg)

2325

2425

2345

2445

-20

20-

Jeera

Unjha

Best Quality (20 Kg)

2525

2575

2545

2595

-20

Jeera

Unjha

Bomabay BOLD (20 Kg)

2625

2725

2645

2745

-20

Jeera

Rajkot

Europe Quality (20 Kg)

2425

2475

2425

2475

0

1100

Jeera

Rajkot

Singapore Quality (20 Kg)

2325

2425

2325

2425

0

Jeera

Rajkot

Discolor (20 Kg)

2225

2325

2225

2325

0

Jeera

Rajkot

Super Quality (20 Kg)

2515

2565

2515

2565

0

Jeera

Rajkot

Europe - Mundra

2475

2525

2475

2525

0

Jeera

Rajkot

Singapore Mundra

2625

2675

2625

2675

0



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