Jeera settled down by -0.94% at 14190

Jeera settled down by -0.94% at 14190 on subdued demand from traders and stockists in physical market. Further, expectation of good production in states of Gujarat and Rajasthan too fuelled the uptrend. Though, some fresh export enquiries, capped some losses. 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 exports have been 1.55 lt in 2014-15.

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