Jeera

The rally has been primarily driven by a demand and supply shortage while some traders said speculation is also playing a part

Sugar is trading at Rs 3,287 per quintal in Kolhapur, Jeera prices in Unjha are trading at Rs 17,320 per quintal

Cuminseed prices bounced back from its recent lows to hit the highest in two months on lower output forecast and strong demand from overseas buyers.On the National Commodity & Derivatives Contract )NCDEX), the most active Jeera contract for delivery in April jumped by 3.17 per cent to trade at Rs 18,410 a quintal before profit booking pulled it down marginally to quote at Rs 18310 a quintal in early evening trade on Tuesday. The contract showed a gain of around 8.5 per cent since early February.Similarly, Jeera contract for delivery in May also gained 2.72 per cent on Tuesday to quote the spice variety at Rs 18,515 a quintal in early evening trade. Analysts expect the bull trend to continue on robust overseas orders this year."Further upsurge to the tune of Rs 400 - 700 a quintal is possible in jeera price following robust overseas demand. Exporters are likely to fetch better realisation due to good quality of jeera produced in India this year. With estimates of lower production ..

Lower acreage also cited as reason for falling production levels

Exporters of the spice say farmers have begun accepting payments digitally, ensuring steady supply

Already jeera prices are ruling at five-year high at this moment

India has exported 45,000 tonnes jeera in first quarter of current financial year as against 16,000 tonnes in corresponding period of 2015

High demand from stockists has pushed up jeera prices by 10% so far this month

High demand from stockists has already pushed up jeera prices so far this month