Jeera On NCDEX Settled Up By 1.06% At 17585

Jeera on NCDEX settled up by 1.06% at 17585 because of weak supplies position amid good demand from exporters. Jeera stocks are stated lower because of poor output last year. Reports of marginal fall in jeera sowing in Gujarat may also boost morale of speculators. Though, some gains were capped on expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year. India's jeera exports are likely to rise 30% to 88,000 ton during Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations.

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