Jeera Futures Closed Higher

Jeera futures closed higher after 3 days of negative trade on bargain buying and technical trading. The NCDEX Sep’16 Jeera contract closed 1.70% higher to close at Rs 18,400 per quintal. The export demand expected to pick up as prices have corrected enough in last 2 weeks. There is good demand from China and other countries and may improve as the prices have now dropped. In the next few months, the prices will depend on export demand.

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