Jeera prices extended losses of the previous day and settled 2.46% down on Wednesday on account of dull demand from the domestic buyers. Spot prices settled 1.64% down yesterday.
Sowing of jeera in Rajasthan has gained momentum due to favorable weather condition. Sowing of Jeera has also commenced in some parts of Gujarat but it is on slow pace.
Prices in the global markets of Indian origin are quoting around $2,800-2,950/tn while Syrian origin is quoting at $3,100-$3,150/tn.
Production, Arrivals and Exports
Unjha markets witnessed arrivals of 4,000 bags, 1000 bags lesser as compared to previous day against offtakes of 4,000 bags.
Production of jeera in Gujarat and Rajasthan in 2011 was around 21 lakh bags and 7-8 lakh bags respectively. (Each bag weighs 55 kgs). (Source: spot market traders).
According to Spices Board of India, exports of Jeera during April 2011- July 2011 stood at 7,750 tonnes as compared to 12,950 tonnes in 2010-11, decline of 40% According to Spices Board of India, exports of Jeera during April 2011-August 2011 stood at 9,500 tonnes as compared to 15,700 tonnes in 2010-11, decline of 39%.
Courtesy: Angel Commodities
Sowing of jeera in Rajasthan has gained momentum due to favorable weather condition. Sowing of Jeera has also commenced in some parts of Gujarat but it is on slow pace.
Prices in the global markets of Indian origin are quoting around $2,800-2,950/tn while Syrian origin is quoting at $3,100-$3,150/tn.
Production, Arrivals and Exports
Unjha markets witnessed arrivals of 4,000 bags, 1000 bags lesser as compared to previous day against offtakes of 4,000 bags.
Production of jeera in Gujarat and Rajasthan in 2011 was around 21 lakh bags and 7-8 lakh bags respectively. (Each bag weighs 55 kgs). (Source: spot market traders).
According to Spices Board of India, exports of Jeera during April 2011- July 2011 stood at 7,750 tonnes as compared to 12,950 tonnes in 2010-11, decline of 40% According to Spices Board of India, exports of Jeera during April 2011-August 2011 stood at 9,500 tonnes as compared to 15,700 tonnes in 2010-11, decline of 39%.
Courtesy: Angel Commodities