Jeera Futures Closed Down

Jeera futures closed down mainly due to reports of good progress of Jeera sowing in Gujarat and drop in spot market prices on week uptake by the stockists. NCDEX Dec’16 Jeera closed 1.66% down to close at Rs 18,375 per quintal. Jeera sowing in Gujarat and Rajasthan have started. As on 28-Nov- 16, Gujarat farmers have planted jeera in 1,41,100 hectares, up by 122.5% compared to last year acreage. The stock position in NCDEX warehouse is at lower level compared to last year stocks. As on 02-Dec-2016, new Jeera stock position at NCDEX approved warehouses in Jodhpur and Unjha is totaled at 141 tonnes while it was 159 tonnes last week. Last year stocks were about 5,336 tonne

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