Jeera Jun Futures Rose On Tuesday

Jeera Jun futures rose on Tuesday on anticipation of good physical demand. There is good exports demand 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 are dropping and now 1,175 tonnes as on Jun 12, fall from 1,245 tonnes last week. Last year, stocks were higher at 3,478 tonnes.

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