NCDEX Settled Down By -0.42% At 17915



NCDEX settled down by -0.42% at 17915 due to subdued demand at the spot market. Though, expectation of fall in jeera output this year, compared to last year due to hot weather and lower acreage in the producing belts of Rajasthan, capped some losses. 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. As per the trade sources, India's jeera exports rose nearly 25% to around 50,000 tonnes in Apr-Jul from 40,000 tn in the year-ago period due to good demand from China and Bangladesh.

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