Jeera On NCDEX Settled Down By -0.87% At 17140

Jeera on NCDEX settled down by -0.87% at 17140 on profit booking after prices gained on anticipation of improved export demand in coming months. Reduced stock for domestic consumption coupled with strong export outlook for 2016-17 limited the downside. In the first three months, around 45,000 tonnes of the spice has been exported. Exports will continue till the next sowing in October-November. Total exports will cross 100,000 tonnes this year with China being a major buyer at around 35,000 tonnes. Last year, India exported 1,55,000 tonnes.

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