Jeera Jun Futures Fall In Profit Booking From Higher Levels



Jeera Jun futures fall in profit booking from higher levels. Moreover, drop in spot prices too support the fall. There is good physical demand and reports of less carryover stocks. Moreover, exports demand is increasing while the stocks in the Exchange warehouse are diminishing. The jeera arrival in May is lower this year compared to last year. As per Agmarknet data, about 10,688 tonnes of jeera arrived in May 2017 compared to 14,302 May 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 14 were 1,238 tonnes which has been constant in June. Last year, stocks were higher at 3,500 tonnes.

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