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Sellers reported active at Jeera Unjha mandi

Published on: Sep 08, 11:21

Good rainfall in Gujarat and Rajasthan major growing regions pressurize the spot market sentiment as expected on time sowing and higher sowing area compared to last year. Higher stocks reported at Unjha market, stockists were fearful as they were buying Jeera from higher levels earlier and now at higher levels buyers reported unresponsive, so they likely to offload their stocks in coming days and put cap on prices further. 
At Unjha market in Mehsana , Jeera(Cumin Seed) Loose started weak at Rs. 17300 per quintal, lower by 0.57 per cent from previous trading day. We expect prices likely to come down to Rs.16500 - 16800/-qtl in coming days. 
Jeera(Cumin Seed) NCDEX started the day lower at Rs. 18500 per quintal, down by 0.54 per cent as against previous day.
Agriwatch expect prices come down to Rs.18000 - 18200/-qtl. 
Jeera(Cumin Seed) Machine Cut at Unjha market opened lower at Rs. 19300 per quintal, down by 1.03 per cent as compared to previous day.
Estimated market supply today was at 14000 quintals, higher by 7000 quintals as compared to previous day.