Jeera on NCDEX settled down by -1% at 16765 due to decline in the export demand at the spot market. Though, some losses were capped as the crop may witness some damage due to the extended dry spell in the growing regions of Gujarat and Rajasthan. Trade sources expect increased demand on fears of crop damage because of the recent unseasonal rains. Market players are still expecting some more export enquiries on reports of good quality jeera production this year but the demand is still lower. As per the final rabi sowing report, Gujarat has planted more cumin compared to last year sowing progress. 

At Patan market in Patan (Guj.), sources reported arrivals at 118 quintals, lower by 97 quintals from previous trading day. At Gondal (Guj.) market in Rajkot sources reported arrivals at 2500 quintals, down by 1500 quintals as compared to previous day. At Rajkot market in Rajkot total arrivals are at 1520 quintal, higher by 320 quintal from previous day’s arrivals.

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