Jeera Jun Futures Rose On Thursday

Jeera Jun futures rose on Thursday supported by steady physical demand and expectation of continue in good exports and diminishing stocks in the Exchange warehouse. 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 are dropping since last 15 days. It now 1,122 tonnes as on Jun 07, fall from 1,785 tonnes two weeks back. Last year, stocks were higher at 3,511 tonnes.

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