Indian cumin production for the 2023-24 season is estimated at 8.6 lakh tonnes, up from 5.77 lakh tonnes last year. Despite high supply, shortage concerns could limit downside risks. Global demand for Indian cumin remains strong, as it is currently the cheapest globally at $3,050 per tonne compared to Chinese cumin. Tensions in the Middle…
Jeera fell 1.37% to ₹20,905 on increased supply availability and lower demand. Of the nearly 20 lakh bags currently held by farmers, only 3-4 lakh bags are expected to be traded by the end of the season, leaving 16 lakh bags available for carry-forward. Jeera production for 2023-24 is expected to be 8.6 lakh tonnes…
Prices for jeera saw a little increase of 0.82%, leveling off at 22225, as purchasers from around the world favored Indian jeera in the face of limited supply worldwide. The upside was, however, constrained by worries about additional pressure from market arrivals, especially since 10,000 to 12,000 bags of jeera arrive in Rajkot Mandi every…
Jeera prices rose 1.36% to 23860, spurred by lower cumin arrivals in Unjha, which fell to 35-37 thousand bags. This reduction in arrivals, combined with record-high acreage in important producing states such as Gujarat and Rajasthan, fueled the increasing trend. Farmers increased cultivation due to advantageous pricing from the previous marketing season, demonstrating a strong…
Cumin (jeera) saw a significant decrease, settling at 27645, down -1.21%, mostly due to improved production expectations in important cultivating states like Gujarat and Rajasthan. The amount of jeera acreage has increased dramatically during rabi season, hitting a four-year high. Encouraged by the previous marketing season’s record prices, farmers increased their land under cultivation, demonstrating…
Prices for jeera (cumin) saw a notable drop of -5.99% to close at 31695, which was ascribed to promising production prospects in Gujarat and Rajasthan. The growth in Jeera seeding, especially in Gujarat, was notable as it jumped by 102% to 544,099.00 hectares. Cumin cultivation increased by 13% in Rajasthan to 6.32 lakh hectares. The…
The prices of jeera had a significant decrease of -5.96%, ultimately reaching 35865. This fall was mainly ascribed to increased production opportunities in Gujarat and Rajasthan. In the short run, it is anticipated that the vigorous Jeera seeding operations in Gujarat and the slow exports will put downward pressure on pricing. Gujarat saw a notable…
Jeera prices experienced a notable recovery, rising 2.61% to close at 37,900, propelled by low-level purchasing after a recent decline ascribed to increased production forecasts in Gujarat and Rajasthan. Prices had initially been pressured by the possibility of aggressive seeding for Jeera in Gujarat, slow exports, and a spike in production. But renewed purchasing at…
The prices of jeera had a notable upward trend, culminating in a 5.04% gain at 39985, mostly due to short covering subsequent to previous increases ascribed to increased production prospects in Gujarat and Rajasthan. But the market is facing difficulties because of Gujarat’s aggressive sowing and slow exports, which are expected to drive down prices…
Short covering drove the recent price decline in jeera, which was ascribed to farmers sowing more cumin, to a slight increase of 0.48%, closing at 36,645. As opposed to 224,140 hectares during the same period last year, the most recent data shows a notable 94% increase in cumin cultivation in Gujarat, to 433,754 hectares. Additionally,…
