Jeera Jun Futures Closed Higher On Tuesday

Jeera Jun futures closed higher on Tuesday on lower level buying but muted physical demand keeps the prices down in spot market. The arrivals have slowed down in the physical market. As per Agmarknet data, about 8661 tonnes of jeera arrived in May (1-25) compared to 29,322 in April (1-25). On the export front, country the exports increase by 29.6% to 1,08,513 tonnes in first 11 month of marketing year 2016/17 as per the data release by Dept of commerce, GOI. The stock levels in the NCDEX warehouse is dropping to 1,311 tonnes on May 26, fall from 1647 tonnes a week ago. However, on 1 st May the stock was about 964 tonnes. Last year, stocks were higher at 3,993 tonnes

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