Jeera gains despite new arrivals

Our Correspondent Rajkot | Updated on March 10, 2011 Published on March 10, 2011


Jeera prices rose on Thursday despite new arrivals as they were of poorer quality. Besides, export enquiries pushed up the prices.

At the National Commodity and Derivatives Exchange, jeera for March delivery increased by Rs 90 to Rs 16,285 a quintal, with an open interest of 7,428 lots. Jeera April contract gained Rs 78 to Rs 16,700, with an open interest of 17,166 lots.

Spot jeera was up by Rs 25-30. Quality jeera fetched Rs 3,000-3,200 for 20 kg, average jeera traded at Rs 2,700-2,900 and inferior jeera was at Rs 2,500-2,700 for 20 kg in Rajkot. In Unjha, the spice quoted Rs 1,800-3,500 for 20 kg.

Howeever, arrivals declined from 20,000 bags to 17,000 bags in Unjha on Thursday. In Rajkot, around 1,500 bags arrived.

A Rajkot-based trader, Mr Ashvin Patel, said, “In the coming days, jeera prices may increase further.”

According to the latest projection by trade sources, the total production of jeera in the current season is likely to be around 21 lakh bags (of 60 kg each), three lakh less than the earlier projection. Production last year was reported at 29 lakh bags. Overseas demand is expected to increase because of shortage in international market, since arrivals from other major producers like Syria and Turkey will begin only in April.

Published on March 10, 2011

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.