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Jeera (Cumin seed) News - Mixed sentiment was witnessed in Jeera spot market during the past week
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Mixed sentiment was witnessed in Jeera spot market during the past week

In Rajasthan Jeera spot market prices reported corrections on an average by 5.78% compared to previous week as prices were already moving at higher levels and buyers were inactive on those prices. However, overall sentiment is bullish. 
 
Jeera supply fell by 3.95% past week in the major spot markets, as stockists and farmers were holding their stocks in the spot market on expectations of higher prices in coming days. Last year same period most of the markets were closed due to Covid-19 lockdown. Currently, at Unjha spot market Jeera NCDEX quality prices reported steady to firm as compared to last week and 59.85% up as compared to last year in the same period. As per trade sources, good export demand reported from Bangladesh and China at Unjha Mandi at average prices INR 21,900 per quintal.
 
In Rajasthan Jeera market like Jodhpur, Nagaur, Merta City Jeera new crop arrivals are continuing in the spot market, as of now around 40% to 45% and 45% to 50% new Jeera traded at Unjha Mandi. Jeera new arrival continues at Unjha mandi, Gujarat. Around 6,000 to 6,500 bags (1 bag = 55 kgs) of new crop supply continued on an average daily basis at an avg. price of INR 20,100 per quintal, up by INR 200 per quintal compared to previous week.  
 
AgriWatch expects demand likely to be good in the spot market and buyers will be active in coming months as ending stocks for 2022-23 Marketing Year reported lower by 50.79%.