Jeera On NCDEX Settled Flat On Profit

Jeera on NCDEX settled flat on profit booking after seen supported earlier amid good demand in the physical market and lower arrivals as monsoon hit most parts of Gujarat. Supplies from Syria expected to hit the international market were restricted due to the ongoing geopolitical tensions in Syria. Moreover, the production in Syria and Turkey, the second and third largest producer of cumin seed in the world is projected to be 15% lower. Reports of lower output may also push of demand of India jeera. Exporters reported active in the domestic market.

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