Jeera On NCDEX Settled Up By 1.34% At 17825

Jeera on NCDEX settled up by 1.34% at 17825 on expectation of pick up in domestic and export demand at the spot market. Though, some gains were capped due to adequate stocks position following higher supplies from producing regions. 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.

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