Jeera Futures Closed Higher On Friday

Jeera futures closed higher on Friday and on weekly basis due to increase in physical buying. There is expectation of increase in demand as supplies are dwindling. NCDEX Oct’16 Jeera closed 0.88% higher last week to close at Rs 17,755 per quintal. In the next few months, the prices will depend on export demand, which is expected to pick up as prices have corrected enough in last 2 weeks.

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