Commodity News
HeadLine : Weather brightens jeera, coriander crop prospects
Date : Jan 10 2020
Jeera growers in Rajasthan and Gujarat are expecting about 25-30 per cent higher yield over last year . Though official numbers are still not out, indications from traders and farmers point to a crop size of about 5 lakh tonnes as against about 4.1 lakh tonnes in the previous year. “The weather is very supportive for jeera crop. The yield is going to be much better this year. We expect about 30 per cent higher production in Gujarat this season. The next ten days appear clear without any weather disturbance. If it stays so for about a month more, there will be a very good crop,” said Vijay Joshi, President of Unjha Commodity Association. Unjha is the largest trading hub for jeera. Per the latest data from the Gujarat government on rabi sowing, there is a 36 per cent jump in area under jeera cultivation over last year, while coriander acreage has gone up by a staggering 177 per cent. Jeera acreage as on January 6, 2020 was reported at 4.71 lakh hectares (3.45 lakh ha). For coriander, it is multiple times higher at 82,105 hectares (29,630 hectares).Prices have already started consolidating in anticipation of a good crop. On Thursday, Jeera January futures on the NCDEX fell by Rs.155 and was quoted at Rs.15,930 a quintal. In the spot market, jeera at Unjha was quoted at Rs.16,195 a quintal.

Source : Business Line
News Archives: