Jeera On NCDEX Settled Up By 0.57% At 17725

Jeera on NCDEX settled up by 0.57% at 17725 on expectation of good domestic as well as export demand at the spot market. Though, some gains were capped on reports of good sowing progress at the major producing belts. Stocks with traders and farmers are weak because of fall in output last year. Sowing of Jeera this season is projected to stay higher. Jeera sowing in Gujarat stood at 180,000 hectare as against 127,000 hectare a year ago. Production is projected at 369,000 ton against 298,000 ton last year. Traders see India Apr-Dec jeera exports up 30% on year at 88,000 tn India's jeera exports are likely to rise 30% to 88,000 tn in Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations, exporters said.

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