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India's Jeera crop may shrink by 25% due to water scarcity
Commodity Online | October 11 2018
UPDATED 11:09:53 IST

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Water shortage in the major growing regions will reduce jeera crop sowing by about 25% from last year’s 7.80 lakh hectares in 2017-18, industry sources said.

The jeera growing regions of Saurashtra and Kutch in Gujarat - the largest grower of the spice - are facing a rainfall deficit in the range of 28-75 per cent, while rainfall deficit in western and southern Rajasthan stands at about 23 per cent.

The depreciating rupee and crop damage in competing countries - Turkey and Syria - are creating a positive export scenario, but water shortage in the major growing regions of Gujarat and Rajasthan is casting a shadow on these prospects.

Market estimates put exports at about 1.25 lakh tonnes so far this year and there is a possibility of it touching a record 1.75 lakh tonnes by the end of this fiscal. The highest export volume was recorded at 1.55 lakh tonnes in 2014.

Following the robust exports, the carryover stock is expected to be negligible for the new season, which starts from February 2019.

 

Commodity Arrivals Rate
Mustard Oil 0.5 9885.00
Coconut Oil 2 19000.00
Arecanut 175 34217.00
Sugar 8.34 3900.00

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