As per the Agriwatch production estimate, Jeera production for 2022-23 (marketing year) is estimated at 316,281 MT (around 58 lakh bags each of 55 kg) compared to last year’s 391,801 MT (71 lakh bags).
Currently, weather is favourable and standing crop reported well. Any unseasonal rainfall and cold wave (frost) may impact standing crop.
Buyers are likely to remain active in the spot market from current price levels. We expect, new Jeera when it will enter from February onwards likely to open at higher prices.