Jeera On NCDEX Settled Down -1.71% St 18070

Jeera on NCDEX settled down -1.71% at 18070 on reports of higher sowing at the producing belts of Gujarat. Jeera sowing in Gujarat and Rajasthan have started. As on now, 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 29- Nov-2016, new Jeera stock position at NCDEX approved warehouses in Jodhpur and Unjha is totaled at 141 tonnes while it was 219 tonnes last week. Last year stocks were about 5,633 tonnes.

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