Agri Commodity: There are fluctuations in spices on NCDEX. After rising last week, there was a decline in the prices of cumin. Jeera has fallen by about 5% today on NCDEX. January futures of cumin have slipped below 23900. On December 20, the price of cumin had reached Rs 25700.
If we look at the movement of spices, the prices of cumin have fallen by 2 percent in a week, whereas in a month they have fallen by 4 percent. At the same time, from January 2024 till now, there has been a decline of 23 percent. Whereas the price of turmeric has seen an increase of 6 percent whereas it has increased by 3 percent in a month. At the same time, from January 2024 till now, there has been a decline of 1 percent.
Similarly, if we look at the movement of coriander, the price of coriander has increased by 3 percent in 1 week whereas it has declined by 1 percent in 1 month. At the same time, from January 2024 till now, a jump of 8 percent has been seen.
increased prices of guar
A surge is being seen in guar gum on NCDEX. Guar gum prices increased by 7% in the last 1 week. Prices have increased after 2 days of decline. The price of guar seed has also increased. If we look at the movement of guar gum on NCDEX, it has seen a rise of 7 percent in 1 week whereas in 1 month it has seen a rise of 1 percent. At the same time, from January 2024 till now, there has been a decline of 4 percent.
On the other hand, if we look at the movement of guar seed on NCDEX, it has seen a rise of 5 percent in 1 week whereas in 1 month it has seen a rise of 2 percent. At the same time, from January 2024 till now, there has been a decline of 3 percent.
What is the opinion of experts
Ashok Industries CFO Rajendra Dhariwal It is said that the prices have increased due to less arrival of guar gum. He said that if there is a crisis of 5-10 percent, then 50 percent profit should be booked. If guar seed is seen around Rs 5500 then profit should be booked there. After booking profits, there will be more investment opportunities. A new crop of guar gum has arrived.
He further said that the export of guar gum is expected to increase in December. 2025 is expected to be a strong and volatile year. Guar gum inventory is high in India. Guar seed has better prospects for long term investment.
Pranav Shah, owner of Maharani Trading It is said that this year the sowing of cumin has reduced by 20% but the carry forward is 20-25 lakh bags. Export of spices is continuously increasing. Also, it will be important to keep an eye on the weather. The super food industry continues to grow at 10-15% annually.
Tea Price News: Why has tea become discolored, what is the reason behind 15% decline in 1 month?
(Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for the same. Money Control advises users to seek the advice of certified experts before taking any investment decision.
