Jeera prices up again due to good export demand
The Dollar Business Bureau The prices of Jeera (cumin) is increasing during the peak season just like it did in the last season by touching an all-time high in May 2015. Jeera prices are again in an upward trend this year on National Commodities and Derivative Exchange (NCDEX) due to healthy export demand on the availability of good quality jeera. Spot and futures have touched the lowest level in one year in February 2016, as reports predicted good harvest due to higher sowing acreage and favourable climatic conditions in most of the states where jeera is produced. But prices recovered over 32.4% to Rs.17,400 per quintal on NCDEX from Rs.13,150 per quintal during this period. The leading jeera producing state in the country ...
Weak global demand, lower yield likely to hit Indian jeera exports
Jasleen Kaur | The Dollar Business Jeera (cumin) exports from India are expected to slide during the current financial year due to low quality yields caused by unseasonal rain as well as demand slump from major importing markets. India, one of the largest exporters of the spice, has been facing a price war in the international market due to surplus supply from other exporting countries like Syria and Turkey. Analysts attribute the down ward trend in the global price to distressed sale from troubled region of the Middle East, where fresh crop has already hit the market. Disrupted supply from within the country due to unfavourable weather during sowing season also added to the price fluctuation. However, Indian exporters hope that ...
