Jeera Made Money On Low-Level Purchases After Prices Fell As A Result Of Increased Production

Low-level buying caused the jeera prices to rise sharply, 4.02%, to settle at 28350 following a recent decline ascribed to improved production forecasts in the major farming states of Gujarat and Rajasthan. The current rabi season saw acreage for jeera hit a four-year high, demonstrating a strong relationship between cultivated area and market pricing. Gujarat…

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Higher production potential led to a decrease in Jeera pricing

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…

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Jeera Benefits From Low-Level Purchases

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…

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Jeera gains as investors are becoming more willing to purchase given the recent price decline

Jeera prices increased by 0.81% to close at 39350, propelled by buyers’ desire to purchase after a recent decrease in value. The upside, however, is expected to be constrained because of sufficient soil moisture and excellent weather for crop growth. When compared to the same period in 2022, Gujarat’s jeera seeding has grown significantly, rising…

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