Jeera On NCDEX Settled Down By -0.53% At 16950

Jeera on NCDEX settled down by -0.53% at 16950 tracking good domestic as well as export demand in the physical market. Jeera exports in India are likely to rise 22% to 120,000 tons in 2016-17 (Apr-Mar), compared with shipments of 98,700 tons a year ago, because of robust demand from overseas market and negligible stocks in other exporting nations. Further, reports of lower output at the producing regions of Gujarat too fuelled the uptrend. Production of Jeera in Gujarat will be 2.21 lakh tons, down almost 11% compared to last year production of 2.38 lt.

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