Jeera Futures Closed Higher

Jeera futures closed higher on lower level buying by the market participants on anticipation of good demand from physical market. NCDEX Oct’16 Jeera closed 1.14% higher to close at Rs 16,845 per quintal. The physical stocks are dwindling with the stockists but anticipation of good crop in the next season pressurizes the prices in the futures market. According to the trade sources, jeera exports may have raise by 29% to 58,000 tonnes in Apr-Aug compared to last year figure of 45,000 tonnes.

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