Jeera Futures Dropped On Wednesday

Jeera futures dropped on Wednesday on profit booking by the market participants as demand in physical market is not picking up as expected. NCDEX Sep’16 Jeera closed 2.17% down to close at Rs 17,815 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 may support the prices. In the next few months, the prices will depend on export demand.

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