JEERA & CARDAMOM
Jeera settled up by 0.77% at 16340 on reports on export
enquiries on concern over the production
estimates. Currently, the traders and stockist are active in
the spot market to serve the demand from the domestic market.
There is expectation of revival of export demand on short supply.
Still the quality issues and supply concerns from the
production states keep the prices volatile. As per third
advance estimate of Gujarat State, production is expected at
1.58 lakh tonnes in 2014-15 which is 54.3 per cent lower compared to
last years’ production of 3.46 lakh tonnes.
cardamom prices advanced 0.24 per cent to Rs 846.00 per kg in
futures trading today on the back of rising demand at the spot
market. Besides, restricted arrivals from producing regions supported
the upside. At the Multi Commodity Exchange, cardamom fordelivery
this month gained Rs 2, or 0.24 per cent to Rs 846.00 per kg in a
business turnover of 5 lots. Similarly, the spice for delivery in
August contracts traded higher by 70 paise, or 0.09 per cent to Rs
814.70 per kg in 95 lots.
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