Jeera On NCDEX Settled Up By 0.36% At 16715

Jeera on NCDEX settled up by 0.36% at 16715amid expectations of higher export in the current fiscal year. 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. Reports of lower output in other producing countries, Turkey and Syria will help the Indian exporters to clinch more export deals.

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