Jeera On NCDEX Settled Down By -2.67% At 16955

Jeera on NCDEX settled down by -2.67% at 16955 as pressure seen on prices due to reports of higher sowing due. However downside seen limited on expectation of good demand in the physical market as supplies have been lower. Jeera sowing in Gujarat as on Dec 12 stood at 226,000 hectare as against 199,000 hectare a year ago. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year. As per sources, India's jeera exports are likely to rise 30% to 88,000 ton during Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations.

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