Jeera Settled Down -0.25% At 14155



Jeera settled down -0.25% at 14155 amid increasing arrival of new crop from the producing belts. However reports of muted export orders and expectation of good production estimates in Gujarat and Rajasthan is pressurizing prices. As per the final rabi sowing report, Gujarat has planted more cumin compared to last year sowing progress. Jeera is planted in about 10.8% more area at 2,95,400 hectares compared to 2,66,700 hectares last year same time. As per second advance estimate of Gujarat State for 2015-16, production is pegged at 2.11 lt higher by about 7% forecasted in revised fourth advance estimate of 1.97 lt. In 2013-14 production was 3.46 lt. 

According to Dept of Commerce data, the export of jeera during first 8 month of 2015-16 (Apr-Nov) is 56,787 tonnes, which is, lower as compared to last year. Jeera (cumin) exports have been 1.55 lt in 2014-15. According to govt data, exports for 2015-16 shows a decline trend compared to last year until September. 

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