Jeera On NCDEX Settled Up 1.02% At 16375

Jeera on NCDEX settled up 1.02% at 16375 on rising export demand in the physical market. Though, some gains were capped due to the possibility of higher production in next season following good sowing and favourable weather condition in the producing belts. Sowing has been good so far and weather conditions are also favorable for jeera crop. As all is going well as exporters are not buying in large quantities but are waiting for the new crop. However, looking at the current trend, buyers may not take a risk and initially demand will be low at the beginning of the new season.

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