Jeera price Today Gujarat: The market for jeera has stayed strong on its price today, underpinned by robust supply arrivals and the festive spirit of Holi in the state of Gujarat. Phenomenal improvements of ₹225 per quintal in Gondal, one of the major trading hubs within the state, mark signs of the buoyant sentiment in the market. All-through Gujarat, including the leading Unjha market, some 90,000 to 95,000 sacks of cumin have been recorded. Of this count, Unjha alone accounted for 40,000 sacks.
Farmers are willing to sell their produce, which will potentially increase supply pressure in the days to come. However, the arrival of cumin price for the future will depend mainly on export demand. As it is a lower price and put together active forwards trade, stockists are unlikely to allow any further downtrend.
What’s Behind the Market Trend in Cumin? Jeera Bhav Gujarat
Traders opine that supply pressure would take the market by a dip of around ₹50-100 before Holi. One of the important reasons for such an influence in the market is buyers from China. The Chinese are careful and have stepped back from buying at high prices. After losing money due to the last shipment, Chinese traders would now prefer to wait and watch, thus suppressing the export demand for a while.
Cumin Futures Have Strong Buying Firmly Behind Them.
There is a cacophony in the cumin futures market; benchmark futures are up ₹125 and closing at ₹21,460. Buying interest is strong, and barring a surprise demand from the exports, prices are expected to remain on the higher side for some time.
Cumin Arrivals in Gujarat: Jeera Ni Avak
Gujarat, the heart of India’s cumin production, has reported significant arrivals across its major trading centers:
- Rajkot: 10,000 sacks
- Jamjodhpur: 800 sacks
- Gondal: 5,000 sacks
- Botad: 4,800 sacks
- Jasdan: 10,000 sacks
- Halvad: 12,000 sacks
- Jamnagar: 2,400 sacks
- Wankaner: 2,500 sacks
- North Gujarat: 900 sacks
- Kutch: 1,000 sacks
In addition, other regions contributed 3,000 sacks, bringing the total arrivals in Gujarat to an impressive 90,000 to 95,000 sacks.
What’s Next for the Cumin Market?
Market analysts forecast this yet again strengthens further on cumin prices, on spice exporters ramping up their activities, and demand picking up from countries like China and Europe. However, such export demands remain unnaturally low, which, combined with increasing supply pressure, could throw temporary hindrances.
Cumin Market is now expected to enter a critical phase in the next 10 to 15 days as traders and stakeholders need to remain focused on the market trend and demand signals from across the globe when taking positions.