Jeera On NCDEX Settled Up

Jeera on NCDEX settled up flat due to ample stock position following higher supply from the producing belts. 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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