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Jeera Unjha spot market reported up due to lower supply and Agriwatch Expectation

At Unjha market in Mehsana , Jeera (Cumin Seed) Loose is trading high at Rs. 15500 per quintal, higher by 1.31 per cent as compared to previous day. Jeera supply was reported down by 27% last week due to Makar Sankranti holidays market reported closed also farmers and stockists were holding their stocks on expectations of higher prices in coming days.
 
Jeera(Cumin Seed) NCDEX is offered firm at Rs. 17300 per quintal, higher by 1.17 per cent against previous trading day. Jeera(Cumin Seed) Machine Cut at Unjha market is quoted firm at Rs. 18300 per quintal, up by 1.1 per cent as against previous day.
 
As we expected, buyers are remaining active in the spot market from current price levels as Agriwatch expected lower ending staocks for 2022-23 Marketing year. Also we expect, new Jeera when it will enter from February onwards likely to open at higher prices.