Jeera On NCDEX Settled Down By -0.33% At 17895

Jeera on NCDEX settled down by -0.33% at 17895 on account of subdued demand from local parties at the spot market. Further, anticipations of pick up in supplies on new season crops from the producing belts too fuelled the downtrend. Further, forecast of fall in jeera production due to lower acreage too fuelled the uptrend. Gujarat has reported a fall in area under the crop by 6 percent to 278,700 hectares in 2016-17, from 295,200 hectares in 2015-16. 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.

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