Futures Continue To Trade Higher

Futures continue to trade higher this week and closed about 0.11% higher on Tuesday tracking good demand in the physical market. The progress of Jeera sowing in Gujarat is lagging behind last year acreage in December after promising start to sowing season. As on 26-Dec-16, Gujarat farmers have planted jeera in 2,67,100 hectares, down by 1200 hectares compared to last year acreage of 2,68,300 hectares same period. As per traders, India's jeera exports are likely to rise 30% to 88,000 tonnes in Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations.

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