Cumin or jeera is a popular spice in Indian cuisine, sown between October and November and harvested in February. It grows well in sandy loam soil and takes about 110-115 days to mature. Unjha, Gujarat, is the main trading hub. The trading unit for the jeera commodity is 3 metric tons (MT).
Introduction
Jeera, or cumin seeds, is a popular spice derived from a small herbaceous plant, renowned for its distinct aromatic flavour and bitter taste. Measuring 15 to 50 cm in height, the plant produces elongated, ovoid fruits that are 3 to 6 mm long, crucial for culinary applications across various cuisines. In India, jeera is primarily cultivated during the Rabi season, with sowing typically taking place from mid-October to mid-December and harvesting occurring from February to April.
Outside of Indian cooking, jeera finds its way into Middle Eastern and Mediterranean dishes, such as hummus, tabbouleh, and kebabs, where it adds depth and complexity. Beyond culinary uses, cumin has a long history in traditional medicine, where it is believed to aid digestion and have antioxidant properties. Its seeds can be brewed into tea or used in herbal remedies to address various health concerns.
As a commodity, jeera is traded in large quantities, providing opportunities for farmers and traders. India is the leading producer, consumer, and exporter of jeera, followed by Syria in second place and Turkey as a close contender in production.
Factors that Impact the Jeera Price
Here are some key factors that impact jeera market prices:
- Weather conditions: Adverse weather events, such as droughts or excessive rainfall, during crucial growth stages can diminish jeera yields, leading to supply shortages and subsequently driving up market prices due to reduced availability.
- Demand from processors: High demand for jeera from spice processors, particularly in India and export markets, increases competition for limited supplies, contributing to price hikes as processors seek to secure adequate stocks for production.
- Government policies: Regulatory changes concerning jeera import and export can significantly affect supply dynamics. Stricter policies may restrict availability, while supportive measures can enhance market access, ultimately influencing price fluctuations.
- International prices: Global market trends play a crucial role in local jeera pricing. When international demand increases, local prices may rise in response, reflecting the interconnected nature of agricultural commodity markets.
- Carryover stocks: Farmers and hedgers maintaining substantial carryover stocks can mitigate short-term price spikes. When supply is constrained, these stocks provide a buffer, stabilising market prices and ensuring consistent availability.
Things to Consider Before Trading in Jeera
Before entering the jeera trading market, it's essential to consider the crucial factors to make informed choices:
- Market research: Conduct thorough research on jeera market trends, including historical price patterns and demand fluctuations, to make informed trading decisions.
- Supply chain awareness: Familiarise yourself with the supply chain dynamics, including key producers and distribution channels, to better understand market influences and pricing variations.
- Understanding contracts: Familiarise yourself with trading contracts on platforms like NCDEX. Understand the terms, conditions, and delivery mechanisms to ensure a smooth trading experience.
- Regulatory compliance: Stay informed about relevant government policies and regulations related to jeera trading, including export-import duties and compliance requirements, to avoid legal issues.
Jeera Expiry Date Calendar 2024
Contract launch calendar for jeera for the year 2024
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Contract Launch Month
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Contract Expiry Month
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May 2024
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September 2024
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June 2024
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October 2024
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July 2024
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November 2024
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August 2024
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December 2024
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September 2024
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January 2025
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October 2024
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No Launch
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November 2024
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March 2025
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December 2024
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April 2025
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January 2025
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May 2025
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February 2025
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June 2025
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March 2025
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July 2025
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April-2025
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August 2025
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How to Trade in Jeera via Angel One?
To trade jeera via Angel One, follow these steps:
- Open a Demat and Trading Account: First, open a Demat and trading account with Angel One.
- Activate the Commodity Segment: Once your Demat account is ready to trade, make sure you activate the commodity segment in order to trade jeera contracts and other commodities.
- Monitor the Market: Track exchanges like MCX (Multi Commodity Exchange) and NCDEX (National Commodity and Derivatives Exchange) to stay updated on live jeera prices, market trends, and relevant news.
- Place Your Trades: Use the Angel One trading platform and leverage indicators like Bollinger Bands, RSI, and MACD to build your commodity trading strategy.
- Manage Your Risk: To control your risk and guard against big losses on your trades, use measures like stop-loss orders.
