Jeera Futures Closed Further Lower On Tuesday

Jeera futures closed further lower on Tuesday due to profit booking at higher levels. The jeera prices may consolidate in the price range of 19,000- 19,500 per quintal. The NCDEX Aug’16 Jeera contract closed 0.56% down to settled at Rs 19,490 per quintal. In month’s period, futures prices surged 9.2 %. 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. As per the trade sources, India's jeera exports rose nearly 25% to around 50,000 tonnes in Apr-Jul from 40,000 tn in the year-ago period due to good demand from China and Bangladesh. China imported 1,500-1,700 tn jeera in last 15 days.

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