Jeera On NCDEX Settled Down By -0.29% At 16920

Jeera on NCDEX settled down by -0.29% at 16920 on heavy arrivals from the producing belts. Though, some losses were capped on expectation of rising exports demand at the spot market. Jeera output during 2017 is estimated up at 5.83 million bags of 55 kilogram each from 4.21 million bags a year ago. Though jeera output may rise but prices are likely to decline due to higher export demand, opined most of the traders in the seminar. Jeera export in next fiscal is estimated around 100,000 ton. Reports showed that 9,901 tons of jeera arrived during February 27-March 4 compared to 6,273 tons in the previous week.

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