Unjha jeera gains flavour on rains in Turkey, Iran
Thanks to heavy rains in Turkey and Iran, Unjha jeera is back in demand. World's major jeera buyers are looking at Unjha, India's biggest jeera market, for buys.
By Tapash Talukdar, TNN |
RAJKOT: Thanks to heavy rains in Turkey and Iran, Unjha jeera is back in demand. World's major jeera buyers are looking at Unjha, India's biggest jeera market, for buys.
Enquiries have been coming in from buyers based in US, Canada, UAE, European countries, Malaysia and a few other African countries, and Unjha-based exporters are expected to deliver additional 2 lakh bags.
"The foreign buyers were inquiring about price fluctuation, volume of production, quality and other related features of Unjha-based jeera," said jeera exporter Mahendra Patel.
Jeera crop requires marginally low rainfall at minimum temperature to maintain its quality. More than adequate rainfall in Turkey and Iran is expected to damage nearly 30-40% jeera production. However, the sowing has been done in both countries and harvesting would take place during mid-June. Earlier, Syria was also affected by heavy rainfall in the last month. It is expected that final export orders will flow in from June 15.
Exports from Unjha are expected to go up by 2 lakh bags over last year's 5 lakh bags. "About 1 lakh bags of jeera have been exported to Singapore and Western European countries so far," said HG Brothers’ Minesh Patel. Individual importers are booking their lot in advance in order to get early delivery, he added.
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Traders also believe that the prices may go up once the major producing countries release the volumes. Daily arrival at the Unjha market is 2,500 bags (1 bag contains 60 kg). The prices have stabilised at Rs 2,800- 3,000 per 20 kg in the open market of Unjha. Unjha Futures Commodity Association president Praveen Patel said: "The surging demand will give an overall boost to the exporters who have been waiting for the fair price of their traded value."
It may be recalled that rains in Rajasthan and parts of Gujarat early this year had damaged the jeera crop by more than 30%. However, the farmers were able to stock the quality goods and have met the domestic demand partially.
As per market estimates, the world consumption for jeera will go down by 6 to 7 lakh bags this year from last year's nearly 32 lakh bags.
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