Agri Commodities Update

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Jeera traded with high volatility as lack of strong trading activities in mandis kept some pressure on the prices. With mandis opening slowly, a pick up in festive season demand may support prices in coming days. Report on the sow-ing activities and its progress too would be important in determin-ing the near term trend. Sowing is expected to be better with rains getting reported in Gujarat/Rajasthan over last few months.

 

* Due to recent rains, there has been rise in moisture content in soil, which is good for sowing of the crop. Falling stocks in domes-tic and low stocks in International markets could support prices in long term even as weather affects short term trend to some extent.

 

*Adverse report on production and export front and low stocks from Turkey and Syria created possibili-ties of the export demand shifting further towards India. Short term some dips may be noted though.

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