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Spot Jeera Quoted Unchanged in Unjha, Rajkot; Futures End Mixed

13 Jan 2021 5:04 pm
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Mumbai (Commodities Control) - Spot jeera prices were quoted unchanged on Wednesday in Unjha, following a price gain of Rs 20 per Quintal in the last session. Prices continue to be steady in Rajkot for the eighth session in a row amid steady arrivals. Futures settled mixed on Wednesday.

January futures settled Rs 60 higher to end close to Rs 12,800, while March futures ended Rs 75 lower to settle at Rs 13,225. Most-active Jeera contract closed lower due to subdued export demand. Export demand remains weak as stockists await arrivals of the new crop. The new crop is expected to hit spot markets in February.

Meanwhile, spot prices hold steady due to limited supply in the market as the end of the season approaches.

Today Unjha mandi reported arrivals of 6,500 bags, unchanged from the last session. All the jeera varieties were priced flat on Wednesday. Rough variety of Jeera was quoted at Rs. 2,100-2,170 per 20 kg. NCDEX Jeera was priced at Rs. 2,220-2,320 per 20 kg. Bombay Bold was quoted at Rs. 2480-2570 per 20 kg and Best quality was quoted at Rs 2,420-2,470.

In Rajkot, all the jeera varieties are steady. The mandi reported arrivals of 350 bags, unchanged from the last session.

The latest rabi sowing data in Gujarat showed that total area under rabi crops stood at 45.38 lakh hectares (lh) as on 11th January 2021, recording a rise of around 11% compared to 39.11 lh in the same period last year. The area under Cumin touched 4.68 lh.

Commodity

Market

Variety

Price

Price

Prev_Price

Prev_Price

Change(Max Today-Prev Max)

Arrival

Jeera

Unjha

Rough (20 Kg)

2100

2170

2100

2170

0

6500

Jeera

Unjha

Ncdex (20 Kg)

2220

2320

2220

2320

0

Jeera

Unjha

Best Quality (20 Kg)

2420

2470

2420

2470

0

Jeera

Unjha

Bomabay BOLD (20 Kg)

2480

2570

2480

2570

0

Jeera

Rajkot

Europe Quality (20 Kg)

2380

2430

2380

2430

0

350

Jeera

Rajkot

Singapore Quality (20 Kg)

2330

2380

2330

2380

0

Jeera

Rajkot

Discolor (20 Kg)

2280

2330

2280

2330

0

Jeera

Rajkot

Super Quality (20 Kg)

2430

2530

2430

2530

0

Jeera

Rajkot

Europe - Mundra

2755

2780

2755

2780

0

Jeera

Rajkot

Singapore Mundra

2630

2655

2630

2655

0



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