Jeera On NCDEX Settled Down -0.56% At 16865

Jeera on NCDEX settled down -0.56% at 16865 on late profit booking after prices seen supported earlier as market participants are expecting good exports demand in coming weeks. The arrivals have been good in the physical market. Lower carryover stock coupled with higher export demand may push up jeera prices, as traders fear tight supply conditions in the coming months. The carryover stock has dipped to about 2 lakh bags (each of 55 kg) as against the normal 20-25 lakh bags, thereby reducing the availability even as the demand for exports and domestic consumption remains firm, trader sources said.

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