Jeera On NCDEX Settled Down By -3.99% At 16705

Jeera on NCDEX settled down by -3.99% at 16705 on heavy arrivals of jeera from the producing belts of Gujarat. The reports showed that 5,924 tons of jeera arrived during February 20-25 compared to 3,044 tons in the previous week. Though, some losses were capped on expectation of good export as well as domestic demand at the spot 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.

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