Jeera Prices Settled Flat

Jeera prices settled flat amid subdued demand in the spot market and ample supply in the physical market. However, lower output from the producing regions, capped the downside. Reports showed that the sowing of Jeera in Gujarat pegged at 278,000 hectare as against 295,000 hectare a year ago, while sowing in Rajasthan declined by around 15 to 20%. Current year new Jeera crop enter to the market in Porbandar and Junagarh regions, 2016-17 Jeera area reported in Porbandar around 12100 hectares and in Junagarh 5300 hectares. Sources revealed that, around 250 - 300 bags coming daily basis from last one week. Due to higher moisture content buyers were quoted lower prices.Jeera standing crop reported well in Gujarat state current year

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