Jeera Futures Traded On Negative Note For Third Consecutive Day



Jeera futures traded on negative note for third consecutive day on lower than expected demand from exporters. The NCDEX Sep’16 Jeera contract closed 2.58% down to close at Rs 18,495 per quintal. According to Dept of Commerce, the exports of Jeera in the first two month of 2016-17 increased by more than 82.5% at 33,908 tonnes compared to last year same time. 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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