NEW DEHI (Commodity Online): Jeera production in India for 2011-12(October to September)is estimated in the range 3.5 and 3.8 million bags (1 bag =55 kg) on the back of high acreage and good crop conditions in the growing areas.
Last year, the country's production reached 2.5 million bags.
According to the analysts, the farmers increased the crop acreage as they fetched good price last year, reported Business Standard.
The price of the commodity surged 34.6% since 2009 on the back of good export demand. The good rain in most of the growing regions has also encouraged the farmers increase the crop acreage.
Presently, the exports of the commodity has not remained good and is expected to pick up with fresh arrivals in the market in February.
According to the traders, the quality of the commodity is expected to be high due to good rainfall as jeera requires good amount of soil moisture for better growth.
Gujarat is the largest producer of jeera followed by Rajasthan and Andhra Pradesh.
On NCDEX, jeera for December delivery traded down 1.19% or Rs 160 to Rs 13292.00 on 1st Decmeber at 10:40 IST.
