Jeera July Delivery On NCDEX Closed Lower On Thursday

Jeera July delivery on NCDEX closed lower on Thursday on technical selling after three consecutive session of higher closings. Good demand and lower arrivals in the market keeping the prices higher. Exports demand has been good throughout the season which may have steadied on seasonal trend. The jeera arrival in May is lower this year compared to last year.

On the export front, country the exports increase by 26% to 1.24 lt in 2016/17 as per the data release by Dept. of commerce, GOI. The stock levels in the NCDEX warehouse as on Jun 20 were 1,217 tonnes which has been constant in June. Last year, stocks were higher at 3,500 tonnes.

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