Jeera Futures Closed Lower On Monday

Jeera futures closed lower on Monday due to lower domestic and export demand. Moreover, reports good sowing prospects for jeera in Gujarat and Rajasthan too pressurize prices. NCDEX Nov’16 Jeera closed 1.90% down to close at Rs 16,280 per quintal. 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. The physical stocks are dwindling with the stockists but anticipation of good crop in the next season pressurizes the prices in the futures market

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