Jeera Jun Futures Closed Lower

Jeera Jun futures closed lower on Wednesday and continue its sideways movement. The arrivals have now slowed down in the physical market. As per Agmarknet data, about 4,316 tonnes of jeera arrived in May (1-14) compared to 17,494 in April (1-14). 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 increase to 2,176 tonnes, up by 125% in last 15 days. On 1st May, the stocks were only 964 tonnes.

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