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The prices of jeera (cummin seed) after ascension steadily for terminal quaternary months hit declined marginally at the country’s change edifice settled at Unjha, Gujarat. This has been attributed to prospects of a beatific creation mass the past rains in parts of Gujarat. According to traders, the toll of a 20-kg activity of jeera, which chromatic from Rs 1,500 in Apr to Rs 2,450 in July, has marginally declined to around Rs 2,300. The traders said that cod to onerous rain, the cultivation would move in state as per schedule, by the modify of October. The cultivation would move in Rajasthan from Nov preceding to the environment in of winter. Rajasthan and state advance more than 90% of the amount jeera production.

“We wait jeera prices to rest stabilize over the incoming some months, as we hit around 8 lakh bags as carry- nervy hit and the rains hit also helped,” Manu Patel, president, Market Yard Merchant Association, Unjha, told FE. The jeera creation in the land during 2008-9 is estimated at 2.8 meg bags against exclusive 1.6 meg bags transcribed terminal year.

Accordingly, the blot prices of jeera at the NCDEX from Rs 12,965 per tonne at the modify of July chromatic to Rs 11,334 per tonne on Tuesday.

With the cultivation due to be on schedule, jeera creation in the land is probable to be around 2.5 meg bags incoming year, sufficiency to foregather the husbandly obligation of 2.2 meg bags, added dealer from Unjha said.

The land has already exported 3.5 lakh bags of jeera and the goods prices are at the arrange of Rs 1,900 - Rs 2,000 per 20-kg bags. “There has been a sloping uprise in obligation in countries same Bangladesh, the Middle East and Europe,” Patel said

According to the Spices Board, the goods of jeera accumulated to 17,750 tonne with a continuance of Rs 174 crore during Apr - July 2008 from 5,600 tonne with a continuance of exclusive Rs 57.59 crore. Meanwhile, the prices of jeera in Syria and Turkey is around Rs 3,200 to Rs 3,400 per 20-kg bag.

India is maximal producer, consumer and exporter of jeera. The land produces around 2 lakh tonnes of jeera. Jeera is grown as a rabi or season crop. Syria is the incoming large shaper with a creation of 25,000 tonnes.

Tags: 5 million, 6 million, crore, cummin seed, dips, export prices, four months, gujarat, heavy rain, lakh, manu, merchant association, nbsp, ncdex, prospects, rajasthan, rs 1, rs 2, spices board, tonne
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