Jeera fell as the price pressure from anticipated increased production was felt

Due to anticipation of increasing supply, which could put downward pressure on pricing, jeera finished down 0.4% at 28,990 yesterday. The downside was, however, constrained by strong export and local demand as well as restricted global supply. The market was also helped by farmers holding back their supply in anticipation of higher prices. This season,…

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There’s a possibility of more arrivals in the market, which caused a drop in the price of Jeera

Jeera or cumin faced a decline of -0.73% due to increased arrivals, but global buyers still prefer Indian jeera due to tightening global supplies. The influx of new arrivals outpaced demand, thanks to favourable weather conditions and increased sowing areas in major cumin-producing regions of India. In 2023, Gujarat produced 4.08 lakh tonnes of cumin,…

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