Prices for Jeera decline when the market is burdened by expectations of increased production

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…

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Jeera declined since there may be more arrivals on the market

Jeera prices fell -0.75% Wednesday, closing at 25190. This was mostly because of the market pressure brought on by the expectation of more increases in arrivals. Nonetheless, strong export demand and forceful stockist purchases kept the negative effects in check. Due to limited worldwide supply, Indian jeera continued to be favored by purchasers worldwide, even…

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