Jeera On NCDEX Settled Up 1.55% At 17040

Jeera on NCDEX settled up 1.55% at 17040 amid rising demand from the stockists and traders at the spot market. However upside seen limited on expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year. 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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