Jeera On NCDEX Settled Down -1.27% At 19005

Jeera on NCDEX settled down -1.27% at 19005 amid lower domestic as well as exports demand at the spot market. Furthermore, ample stocks position following higher supplies from the major growing regions in Gujarat and Rajasthan too fuelled the downtrend. The arrivals have been lower during the second half of current month compared to last month same period while the demand have increased. Sources estimate India’s jeera crop output will be around 2.5 lakh tonnes, lower than the 3.75 to 5 lakh-tonne estimates put out by experts.

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