Jeera On NCDEX Settled Up 1.13% At 17400

Jeera on NCDEX settled up 1.13% at 17400 due to rising domestic as well as export demand at the spot market. However, reports of good climatic conditions and hopes of higher yield in the season crop. 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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