Jeera On NCDEX Settled Up By 0.2% At 17230

Jeera on NCDEX settled up by 0.2% at 17230 on revival of buying support at lower levels. Prices also seen supported following poor supplies due to fag-end of the season and hopes of good export demand. Reports of lower output in other producing countries, Turkey and Syria will help the Indian exporters to clinch more export deals. Expectations of good demand for the coming festive season may also support the upward price trend. In 2016- 17, the output of jeera is seen falling in other major producers Syria and Turkey to 10,000 ton and 12,000 ton respectively from 15,000 ton and 17,000 ton in 2015-16.

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