Jeera Settled Up By 2.33% At 14695

Jeera settled up by 2.33% at 14695 due to weak production estimates. The sources stated that overall acreage of jeera is likely to decline by 15-20 percent as jeera area will be shifted towards castor seed for better returns. Jeera exports have fallen 45% to 27,000 ton during the first quarter of this fiscal due to poor buying by gulf countries. Jeera export is likely to remain around 90,000 ton during the current fiscal down from 155,000 ton in the previous year. India's 2014-15 jeera output was lower due to adverse weather at the time of harvesting in Gujarat and Rajasthan. As per fourth advance estimate of Gujarat government, in 2014-15 jeera output was estimated at 158,000 ton as against 346,000 ton a year ago due to fall in sowing caused by adverse weather conditions.

At Gondal (Guj.) market in Rajkot (Guj.) total arrivals are at 100 quintals, down by 25 quintals as against previous day. At New Delhi market arrivals were reported at 4000 quintals, unchanged as compared to previous day’s arrival. At Rajkot market in Rajkot (Guj) estimated market supply was at 180 quintal, up by 15 quintal as against previous day. 

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