Jeera On NCDEX Settled Down -1.32%

Jeera on NCDEX settled down -1.32% at 17600 on account of higher supply from the producing belts. Though, some losses were capped on expectation of pickup demand at the spot market ahead of Diwali festival. 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. According Department of commerce data, the exports of Jeera in the first three months (Apr-Jun) of 2016-17 is at 44,023 tonnes, higher by 71.7% compared to last year same time.

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