Jeera is a flavoring modifying cause of Indian food as well as commodity market. In India, Jeera is grown for the time of the rabi season. India is largest producer, consumer and exporter of jeera. The unpolished produces around 2 lakh tonnes of jeera. It contributes about 70% in the amount world production. Rajasthan and Gujarat contribute more than 90% of the integral production.

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Production Scenario in India

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In the current season year 2009-10, Jeera product is expected higher by 10-15% as compared to last year. India, nature’s largest jeera producer, is expected to have a production of about 27 lakh bags (of 60 kgs) in the current suitable time year 2009-10. In India, arrival starts in February. The top arrival season runs from March to April and continues till at daybreak May. Currently the daily arrivals are around 24000-27000 bags. So prices are trading with downtrend bias.

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Arrivals Pattern in Unjha Market (Daily average arrivals)

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February to April – 25,000 t o 35,000 bags

May to August – 4,000 to 8,000 bags

September to November – 6,000 to 8,000 bags

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Domestic Scenario

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Despite a brimmed goblet yield in the current season year 2009-10, jeera prices are expected to ~ on foot up by Diwali due to stronger domestic and overseas demand transversely next few months and lower carryover stocks than last year. Carry-hurry stocks are estimated to be around 30000 tonnes. After end of April and soon May the arrival would s l o w d o w n .

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H o w e v e r , commonly the daily arrival s have fallen from 30,000 bags a week back to 20,000 to 22,000 bags. Currently jeera prices are prevalent in the range of Rs 11000-12000 but due to imbue fall in the carryover stocks, higher domestic consumption and increased buying through  traders for export, which would push prices higher from coming month. Jeera futures are trading in contango. The most active NCDEX April contract Jeera futures in c~tinuance NCDEX are trading in the range 11200-11400 and May futures quoting in a high place Rs 11600.

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International Scenario

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Jeera prices also depend on the craw situation in Turkey, Iran and Syria. After India, Syria is the next biggest producer with an average production of 30, 000 tonnes. These countries authority the world jeera prices significantly. Countries like Turkey and Syria are expected to ~ing their crop only by July and export demand would likely to subterfuge to Turkey and Syria due to their competitive lower prices in nature market. This may affect the movement of jeera prices at some content.

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Export of Jeera

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India exports about 140 countries including Singapore, Dubai, the US and Brazil. Last year, encircling five lakh bags were exported. Indian exports of Jeera declining in c~tinuance account of stiff competition from Turkey, Syria and Iran. They are capturing our export market by offering Jeera at lower prices and bulk of their fruit is reserved for export purpose. Jeera exports are expected to 14% deterioration to 42500 ton in April-February 2009-10 as compared to 49500 mode in 2008-09. In value term, it is expected to 8 % declension to Rs 47001.25 lacs in April-February 2009-10 because compared to Rs 51356.33 lacs ton in 2008-09.

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