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Jeera Update

posted May 22, 2011, 3:16 AM by NAVYUG Info
Jeera prices have been sideways lately as low arrivals supported the prices but demand failed to pick up significantly in the mandis. 

Traders feel these present rates are very low and a recovery from these levels cannot be ruled out in the near term. Apprehensions of lower production and rise in domestic demand are likely to support the prices also. Traders expect trading activities to rise significantly in coming weeks as the arrivals are likely to shoot up and possibilities of exports too picking up. Low stocks in markets could support the rates in medium term. 

Higher acreage expected in Gujarat and Rajasthan due to good moisture con-tent in the soil. As per State Farm Dept, Gujarat, as on Jan 10, the acreage stood higher at 244,600 ha vs 242,700 ha last year. 

Demand from US and European countries likely to shift more towards India in coming weeks due to low stocks in the International markets. Export demand from South-East Asian countries is also expected.