Jeera On NCDEX Settled Up By 0.98% At 18565

Jeera on NCDEX settled up by 0.98% at 18565 on short covering amid falling arrivals in the markets of Gujarat and Rajasthan helping the prices to recover in the coming week.Traders are expecting higher demand from overseas markets due to crunch in supplies from Turkey and Syria, other producing counties. Ongoing tensions in Syria which is the second largest producer of Jeera would limit the price fall. Meantime, India's 2016-17 jeera export is estimated at 120,000 ton-second highest in a decade. In Delhi physical market, Jeera Ganesh was traded flat at Rs 19,200-19,300 per quintal on lack of demand fresh supplies. At Anandpur Kalu (Raj.) arrivals were reported at 50 quintals, higher by 20 quintals from previous day’s arrivals. At Patan market in Patan (Guj.), arrivals were reported at 116 quintals, higher by 22 quintals as compared to previous day.

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