Jeera On NCDEX Settled Down By -1.58% At 16860



Jeera on NCDEX settled down by -1.58% at 16860 as arrivals would pick up while demand is unlikely to pick up. Commencement of arrivals new crop and liquidation of old stocks would keep prices of Jeera lower for the coming couple of weeks. However, on reports of lower production and good export demand may limit the losses, report added. Stockists and masala manufacturers are waiting for prices to fall further. Sowing of Jeera in Gujarat is pegged at 278,000 hectare until Feb 6 as against 295,000 hectare a year ago. However, sowing is Rajasthan is reported to be lower by 15-20% according to trade sources. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year.

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