Jeera On NCDEX Settled Down By -1.96% At 18715

Jeera on NCDEX settled down by -1.96% at 18715 on account of ample stocks position following higher supply from the producing belts. Though, some losses were capped on expectation of higher exports demand in coming weeks. The arrivals may slow down as monsoon hit most parts of Gujarat. According to Dept of Commerce data, the exports of Jeera in the first month of 2016-17 increased by more than 50.7% at 13, 525 tonnes compared to last year same month. Moreover, export of jeera during 2015-16 is 93,078 tonnes compared to 1.56 lt exported last year same period.

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