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Spot Jeera Prices Unchanged amid Consistent Arrivals, Futures Settle Mixed

18 Jan 2021 6:21 pm
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Mumbai (Commodities Control) - Spot jeera prices were quoted unchanged on Monday in Unjha and Rajkot amid firm-to-steady arrivals on Monday, while futures ended mixed on Monday.

January futures settled nearly Rs 95 lower to end close to Rs 12,895, while March futures ended Rs 30 higher to settle at Rs 13,195. Jeera futures on the National Commodity and Derivatives Exchange closed higher in the last session due to steady demand from local stockists and a limited supply in the market as the season comes to an end.

Today Unjha mandi reported arrivals of 5,500 bags vs 4,500 bags on Monday. All the jeera varieties were priced flat. 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 second advance estimates by Gujarat state agriculture department suggests a 0.5% rise in 2020-21 output to 3,73,700 tonnes.

Export demand remains weak as stockists await arrivals of the new crop, which is expected to hit spot markets in February. This continues to cap the upside in prices.


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

5500

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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