Jeera On NCDEX Settled Down -0.67% At 17775

Jeera on NCDEX settled down -0.67% at 17775 due to weak domestic as well as export demand in the physical markets. Though, some losses were capped due to tight supply from the producing regions. There is a forecast of fall in jeera production by 12 % to 387,000 tons during 2016-17 due to lower acreage. Current year new Jeera crop enter to the market in Porbandar and Junagarh regions, 2016-17 Jeera area reported in Porbandar around 12100 hectares and in Junagarh 5300 hectares. Sources revealed that, around 250 - 300 bags coming daily basis from last one week. Due to higher moisture content buyers were quoted lower prices.Jeera standing crop reported well in Gujarat state current year.

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