Jeera On NCDEX Settled Up 0.81% At 16775

Jeera on NCDEX settled up 0.81% at 16775 on restricted supply from the producing belts. Industrial buyers have already sourced sufficient quantity for the domestic requirements. Export demand may pick up as prices have been going down since last one month. In the next few months, the prices will depend on export demand. As per third advance estimate of Gujarat State for 2015-16, production pegged at 2.13 lakh tonnes (lt) higher by about 7 per cent forecasted in revised fourth advance estimate for 2014-15 at 1.97 lt. In Rajasthan, jeera output expected to be lower this year, compared to last year due to hot weather and lower acreage. In the current financial year, jeera exports were lower until January compared to last year.

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