Jeera On NCDEX Settled Down By -0.13% At 19375



Jeera on NCDEX settled down by -0.13% at 19375 on late profit booking after prices seen supported amid rising domestic and export demand at the spot market. Moreover, restricted supplies in the domestic spot market due to reports of lower production estimates in Gujarat also added support to jeera prices uptrend. Gujarat Agriculture Department has revised down jeera production in its 3rd advance estimates for 2016/17. As per third advance estimates for 2016/17, production of Jeera in Gujarat revised down to 2.12 lt, down 4% from its 2nd estimates and almost 11% compared to last year production of 2.38 lt. The arrivals have been lower during the first half of current month compared to second half of last month. As per data, during first half of April about 16,441 tonnes of jeera arrived compared to 22,108 during second half of last month.


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