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Spot Jeera Trades Steady While Futures Decline for Third Straight Session

20 Jan 2021 6:44 pm
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Mumbai (Commodities Control) - Spot jeera prices were quoted unchanged for the third straight session this week, on Wednesday in Unjha and Rajkot amid steady arrivals, while futures extended declines on Wednesday.


March futures on NCDEX ended Rs 115 lower to settle at Rs 13,155. The April futures also dropped Rs 45 today, indicating that the prices are likely to trend lower in peak supplies season starting from February.


Today Unjha mandi reported unchanged arrivals of 6,500 bags on Wednesday. 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.


Traders are focusing on the ongoing sowing in Gujarat. The weather conditions remain supportive and traders are keeping out of buying large quantities in wholesale markets ahead of new arrivals from next month.


Having said so, the demand in retail markets is firm on consistent drop in fresh daily Covid-19 cases and an impressive recovery rate.

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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