Jeera On NCDEX Settled Down By -2.63% At 16860

Jeera on NCDEX settled down by -2.63% at 16860 amid lower domestic and exports demand at the spot market. Besides, expectation of better crop next year also fuelled the downtrend. Traders are expecting jeera export during the current fiscal around 120,000 ton up from 98,700 ton last year. However traders are hoping higher sowing this year because of attractive prices in the market. As per fourth advance estimate of Gujarat State for 2015-16, jeera production is pegged at 238,000 ton as against 197,000 ton a year ago.

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