Jeera On NCDEX Settled Up 1.06% At 17130

Jeera on NCDEX settled up 1.06% at 17130 on expectation of rising overseas demand at the spot market. Though, some gains were capped as supply from fresh crop has increased from Gondal and Rajkot areas. 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. Around 1000-1200 bags new crop are arriving at the spot market on daily basis.

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