Jeera On NCDEX Settled Up By 2.56% At 19400

Jeera on NCDEX settled up by 2.56% at 19400 on rising exports demand at the spot market. Recently, Gujarat Agriculture Department in its 3rd advance estimates for 2016/17 has revised down the production estimates 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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