Jeera Commodity Trading
India is known as the 'The home of spices'. India is the only country in the world to produce variety of spices due to diverse weather conditions. At present, India produces around 2.75 million tons of different spices valued at approximately 4.2 billion US $, and holds the premier position in the world spices market. In India, spices are important commercial crops from the point of view of both domestic consumption and export.
What makes Jeera good investment?Global output of Jeera is around 3.5 lakh MT per year, of which India produces about 2.5 lakh MT per year.
Global export demand is about 80,000 MT per year of which India exports 50,000 MT.
India being the largest producer and consumer, the price of Jeera is mainly determined by domestic factors
It also has a number of medicinal uses and helps in curing many diseases.
Why is Jeera a wise investment for an Indian trader?India is the largest producer, consumer as well as exporter of Jeera in the world. This makes Jeera prices very vulnerable to changes in Indian demand and supply.
Jeera futures contract was launched on NCDEX platform on February 2004 and has witnessed considerable volatility since its launch.
Good availability in physical markets provides cash and carry opportunity to arbitragers. It serves as a hedging platform for the Producers and Exporters.
The Cumin contract is highly liquid and provides easy entry and exit to a speculator. Thus the Jeera contract provides space for every investor category.
How can Kotak Commodity help me invest in Jeera?The Kotak Commodity Gateway Account will give you access to research and trading facilities to conduct Jeera trading in India. While SMS alerts and Call & Trade will provide you regular updates on Jeera prices in India, our expert research reports will help you make informed decisions. Our brokerage rates are attractive. The best part is that our Gateway account is a lifetime free trading account.
To learn more about Kotak Commodity Gateway Account, please click here.
Useful Links - NCDEX | MCX | NYMEX | KITCO | CBOT | CME | AGMARKNET | WORLD GOLD | FMC | KYC Regulations
BCE/TCM/CORP/0021, BCE Trading Member Id: 545, NCDEX/TCM/CORP/0479, NCDEX Trading Member id 00155, MCX/TCM/CORP/0479, MCX Trading Member Id 10440, NCDEX Spot Trading Member Id: 10040, SEBI registration no - INZ000044135