(ONLINE TRADING)
   
 
Agri commodities 
Cardamom Jeera kapasia khalli oil & oil seeds Pepper Red Chilli
 
  Jeera :
General Characterstics
  1. "Cuminseed (Jeera) is a native of the Levant and Upper Egypt. Now it is grown mainly in hot countries, especially India, North Africa, China and the Americas.
  2. "Cumin is stomachic, diuretic, carminative, stimulant, astringent, emmenagogic and antispasmodic. It is valuable in dyspepsia, diarrhoea and hoarseness, and may relieve flatulence and colic. It is a widely used spice in India. 
  3. "In the West, it is now used mainly in veterinary medicine, as a carminative, but it remains a traditional herbal remedy in the East. 
  4. "It is supposed to increase lactation and reduce nausea in pregnancy. Smoke in a pipe with ghee, it is taken to relieve the hiccups. Cumin also stimulates the appetite. 
 

Supply & Demand

  1. "India is the world's largest producer and consumer of cumin seed India's annual production of cumin seed ranges between 1 lakh metric tons to 2 lakh metric tons.
  2. "Besides India, cuminseed is cultivated in Iran, Turkey and in Syria mainly for exports The new crop in Syria and Turkey is harvested in August - September so until then Indian cumin seed finds good market in overseas countries.
  3. "The consumption of cumin seed in rest of the world, leaving India aside is only between 25,000 to 30,000 tons.
  4. "Cumin seed is almost exclusively cultivated in Rajasthan and Gujarat.
  5. "The area under cumin in India increased from 3,15,781 hectares in 2000-01 to 5,26,634 hectares in 2001-02 and the output increased from 1,39,356 tons to 2,06,410 tons in 2001-02.
  6. "Though cumin seed is grown in several districts in Gujarat and Rajasthan The prominent ones are Banaskantha and Mehsana in Gujarat and Barmer, Jalore, Jodhpur and Nagaur in Rajasthan.
  7. "In India cumin seed is a rabi crop sown in October - November and harvested in February The crop normally arrives in the market in the month of March.
  8. "India exports cumin seed to Bangladesh, Brazil, Japan, Malaysia, Nepal, Singapore, UAE, UK, the US and many other countries and cumin seed powder to UK, the US, etc.
  9. "India's exports of cumin seed fell from 10,422 tons valued at Rs.93 crores in 2002-03 to 7,957 tons valued at Rs.59 crores in 2003-04.
  10. "India also exports oleoresins of cumin seed and cumin seed oil to USA, UK, UAE, etc In 2001-02, India exported 2231 tons of oleoresins oil valued at Rs 3494 lakhs.
 
    Indian Scenario
    1. "Gujarat, with Unjha as the center is the major trading zone for Unjha. 
    2. "Earlier, cuminseed used to be traded in the mandies at Niwai and Kekri also in Rajasthan The mandi in Nagaur is the largest center for cuminseed in Rajasthan. 
    3. "The price of cuminseed in Gujarat mandies is normally higher Therefore many farmers in Rajasthan also carry their produce for marketing in the mandies in Gujarat.
    4. "West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Tamil Nadu, Bihar, Orissa, Assam, Karnataka and Haryana are the major producing states. More than 50% of total production comes from the first four states.
    5. "Delhi, Jaipur and Rajkot are the major terminal markets for jeera, from where it moves to other consumption centers of the country. 
     

    Daily Variation in Cumin Seed Prices at Unjha (2003-04) 

    Variation in %

    <2

    2 - 5

    5-8

    8 - 10

    "No: of times 

    228

    63

    9

    1

    In %

    7575

    2093

    299

    033
       Maximum daily price variation recorded - 66%
     

    Factors Influencing Cumin Markets

    1. "The prices display high volatility due to its seasonal nature and widespread demand within and outside the country. 
    2. "Weather at the production centers, pests and diseases have an influence on the production of spices.
    3. "The market is not perfectly organized and this influences the information flow.