Jeera prices dropped by 0.54% at 25,015, driven by increased cumin arrivals in key markets like Unjha. Farmers hold 35% of the current season’s stock, with carryover stock expected to be around 20 lakh bags for the new season. However, there is optimism for improvement in cumin exports post-Diwali, with 15,000 to 17,000 tons expected…
Jeera prices dropped by 0.36% to 24,935 due to increased supply and pressure from ongoing arrivals. 30% of cumin stocks are held by farmers, with daily arrivals in Unjha ranging from 12,000 to 17,000 bags. Despite the pressure, the export market remains active, with prices quoted between $3,150 and $3,200 per tonne. Demand is particularly…
Jeera prices dropped by 1.7% to 25,500 due to expectations of higher production this season. However, the downside was limited due to strong domestic and export demand, tight global supplies, and farmers holding back stocks. Gujarat and Rajasthan saw increased sowing areas, leading to a 30% higher production forecast. China’s cumin production surged to over…
Jeera prices dropped by 0.8% to ₹25,490 due to increased production expectations. However, prices remain supported by strong domestic and export demand and tight global supplies. Farmers are holding onto their stocks for higher prices. The sowing area for jeera has increased this season, with Gujarat’s area rising by 104% and Rajasthan’s by 16%. This…
Jeera prices rose by 0.36% to 25,435, driven by strong domestic and export demand and global supply constraints. However, expectations of higher production and farmers holding back stocks contributed to price support. Jeera production has increased significantly worldwide, with China driving the increase, more than tripling its output to about 55–60 thousand tonnes. Syria, Turkey,…
Prices for jeera (cumin) saw a sharp decline during yesterday’s trading session, falling by -3.36% to settle at 25335. This decline was mostly caused by expectations of increased output in Gujarat and Rajasthan, two important cultivating regions. This year’s rabi season saw farmers in Gujarat and Rajasthan significantly increase their jeera cultivation, bringing the acreage…
The jeera market’s recent performance is indicative of the complex interaction between several internal and external forces. Increased acreage in important areas like Gujarat and Rajasthan is driving the bullish perspective on production, which is the main cause of the -1.55% drop in jeera prices to 25150. Farmers’ reaction to record prices during the previous…
Jeera fell -1.47% to settle at 27165, primarily due to increased production forecasts in important cultivating states like Gujarat and Rajasthan. There is a strong association between market prices and acreage, as seen by the four-year high in jeera acreage observed in the current rabi season. Farmers expanded cultivation in response to record prices in…
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…
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,…
