Jeera Futures Traded On Negative Note On Decline



Jeera futures traded on negative note on decline in demand in the physical market. NCDEX Sep’16 Jeera closed 2.31% lower to close at Rs 18,145 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 support the prices. In the next few months, the prices will depend on export demand. 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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