Spot Market Update: Jeera Under Continued Stress

Supplies stayed elevated in major Jeera mandies and traders are eying further increase in arrivals in coming weeks. Sentiments have been recently by a spurt in Jeera acreage in Gujarat. Supplies are picking up. The spot prices are currently trading at Rs 15880 per quintal, down half a percent on the day. Jeera supplies in Unjha stayed around 40000 bags as new crop arrivals increased.