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Spot Jeera Unchanged amid Arrivals of Old Stocks, Firm Futures & Likely Fall in Acreage

27 Oct 2020 8:35 pm
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Mumbai (Commodities Control) - Spot jeera prices were unchanged from the last session in Unjha and Rajkot mandis of Gujarat. Spot jeera prices were mixed on the first day of the week, as prices dropped Rs 20 per 20 kgs in Unjha, while upped Rs 20 at Rajkot mandi, for all the varieties.

Prices were steady last Friday at Unjha and Rajkot mandis, after three straight sessions of rise in the latter. Jeera prices were in a downward spiral between 20th-22nd October.


Meanwhile, the futures market settled positive on Tuesday, as November futures settled Rs 10 higher at Rs 14,160 per Quintal. December futures settled Rs 50 higher at Rs 14,310.


The most active contract closed higher, even on Monday, amid likely fall in acreage. However, high supply ahead of new crop sowing and demand slowdown capped gains.


Arrivals increased sharply as farmers offloaded old stocks before the commencement of sowing. Jeera sowing has started in small pockets in Gujarat, it is likely to gather pace from mid November.

Unjha mandi reported arrivals of 17,000 bags vs 18,000 bags in the last session. Rough variety of Jeera was priced at Rs. 2235-2285 per 20 kg. NCDEX Jeera was priced at Rs. 2285-2385 per 20 kg in the same mandi. Bombay Bold was quoted at Rs. 2585-2685 per 20 kg.

Meanwhile in Rajkot, Europe quality traded at Rs. 2475-2525, Singapore at Rs. 2375-2475, discolour was steady Rs. 2275-2375, super quality at Rs. 2565-2615, Europe-Mundra traded at Rs. 2525-2585 and Singapore-Mundra Rs. 2675-2725 per 20 kg. The mandi reported steady arrivals of 600 bags today, similar to that in the last session.

27/10/2020

26/10/2020

Jeera

Unjha

Rough (20 Kg)

2235

2285

2235

2285

0

17000

Jeera

Unjha

Ncdex (20 Kg)

2285

2385

2285

2385

0

Jeera

Unjha

Best Quality (20 Kg)

2485

2535

2485

2535

0

Jeera

Unjha

Bomabay BOLD (20 Kg)

2585

2685

2585

2685

0

Jeera

Rajkot

Europe Quality (20 Kg)

2475

2525

2475

2525

0

600

Jeera

Rajkot

Singapore Quality (20 Kg)

2375

2475

2375

2475

0

Jeera

Rajkot

Discolor (20 Kg)

2275

2375

2275

2375

0

Jeera

Rajkot

Super Quality (20 Kg)

2565

2615

2565

2615

0

Jeera

Rajkot

Europe - Mundra

2515

2575

2515

2575

0

Jeera

Rajkot

Singapore Mundra

2675

2725

2675

2725

0



       
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