A price drop and higher production prospects lead to Jeera’s gain on short-covering

The market’s recent performance for jeera has been marked by a notable recovery, with prices rising by 5.71% to close at 27215, mostly as a result of short-covering activity after a prior decline ascribed to improved production prospects in important cultivating regions like Gujarat and Rajasthan. The amount of land cultivated for jeera has increased…

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Higher Production Prospects Caused Jeera Prices To Drop

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…

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Higher production prospects caused prices to fall, leading to a gain in Jeera from short-covering

Yesterday, jeera prices fell sharply by 2.5 percent, closing at 26545. This was mostly caused by increased production expectations in Gujarat and Rajasthan, two important cultivation regions. In reaction to record prices seen in the previous marketing season, farmers increased their cultivation areas, resulting in a four-year high in jeera acreage for the current rabi…

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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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