Jeera Prices Closed Lower

Jeera prices closed lower by 1.56 per cent w-o-w on reports of good weather in sowing states coupled with sufficient carryover stocks with local traders. Weak export demand as well as limited buying by stockists and traders at higher levels also weighs on price. Jeera Mar’16 Futures closed 0.51% higher at Rs 13,915 / quintal on Friday on lower level buying by market participants.

Gujarat, the top cumin producing state, has planted more cumin until Jan 11, 2016 compared to last year sowing progress. In Gujarat, jeera is planted about 11% more area at 2,93,400 hectares compared to 2,64,500 hectares last year same time. As per Agmarknet data, arrivals of Jeera in Gujarat markets for the calendar year 2015 till Oct is lower by 217 per cent at about 1.23 lt compared to 3.9 lt last year.

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