Jeera On NCDEX Settled Up 0.18% At 17170

Jeera on NCDEX settled up 0.18% at 17170 on account of anticipation of improved export demand in coming months. Good demand is being witnessed in Jeera amid thin local supplies. The traders are noting good demand from buyers in Bangladesh and China. Reduced stock for domestic consumption coupled with strong export outlook for 2016-17 has pushed jeera prices up in the domestic market. In the first three months, around 45,000 tonnes of the spice has been exported.

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