Jeera Futures Continue To Trade Down

Jeera futures continue to trade down due to weak physical demand and profit booking by market participants. The NCDEX Sep’16 Jeera contract closed 1.70% lower to close at Rs 18,205 per quintal. The export demand has not picked up as expected by the market participants. 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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