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,…
The National Commodity and Derivatives Exchange’s (NCDEX) Jeera July contract prices just crossed the 52,000 mark, signalling a strong bullish trend in the market. This price increase is the result of a number of fundamental issues. The reduced production levels seen over the last two years are one of the main factors affecting the jeera…
