Jeera On NCDEX Settled Up By 0.6% At 17520

Jeera on NCDEX settled up by 0.6% at 17520 on short covering after prices dropped on reports of good sowing progress at the producing regions. The progress of Jeera sowing in Gujarat is good. As per Gujarat Govt. sowing data current year Jeera sowing completed around 256800 hectares as compared to last year same period 243000 hectares,. Normal area in Gujarat reported 339000 hectares. In Kutch zone area reported 20400 hectares, in Saurashtra zone reported 116200 hectares and in North Gujarat zone reported 107900 hectares. As per Agriwatch expectation Jeera area likely to increase in Gujarat state mainly in Saurashtra and Kutch zone current year.

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