Jeera On NCDEX Settled Up By 1.27% At 17205

Jeera on NCDEX settled up by 1.27% at 17205 due to tight stocks due to lower output last year. Further, fresh export enquiries from China also added support to jeera prices. Jeera sowing stood at 276,000 hectare in Gujarat versus 268,000 a year ago. However, reports of adverse weather in the producing centres are a concern. Prevailing above normal temperature in producing centres may hit the growth of plants. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year.

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