Jeera Gains Despite Limited Global Supply and Strong Domestic And Export Demand

Due to strong local and export demand as well as limited worldwide supply, jeera prices rose by 2.13% yesterday to close at 27,515. Notwithstanding these positive indicators, forecasts of increased output in the current season limited the upside potential and might put pressure on pricing moving forward. Farmers holding back supplies in anticipation of stronger…

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Strong Domestic and Export Demand Along With Limited Global Supply Led To Jeera’s Gains

Jeera prices increased by 1.61% to reach 29610 in response to strong export and domestic demand as well as limited worldwide supply. Farmers holding onto their stock in anticipation of higher prices added to the rising momentum. The upside potential is, however, constrained by projections of increased output, which may drive prices lower. This season,…

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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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