Jeera On NCDEX Settled Flat

Jeera on NCDEX settled flat amid expectations of good domestic as well as export demand ahead of festival season. Jeera further improved on poor supplies due to fag-end of the season. 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. However, it is much lower than 2013-14 output when the state produced 346,000 ton jeera. At Unjha market in Mehsana total arrivals are at 700 quintals, lower by 300 quintals as against previous day

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