Jeera Futures Continue To Trade Higher On Thursday

Jeera futures continue to trade higher on Thursday due to pickup in spot demand and lower level buying by the market participants. NCDEX Nov’16 Jeera closed 0.27% higher to close at Rs 16,555 per quintal. There are reports good sowing prospects for jeera in Gujarat and Rajasthan is pressuring the prices. 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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