Jeera Ends Lower As Demand Weakens



Jeera prices closed lower by 0.63 per cent on Monday at the National Commodity & Derivatives Exchange Limited on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. At the NCDEX, jeera futures for May 2016 contract closed at Rs. 17,305 per quintal, down by 0.63 per cent, after opening at Rs. 17,450 against the previous closing price of Rs. 17,415. It touched the intra-day low of Rs. 17,300.
Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.

India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

NewerStories OlderStories Home

0 comments: