Jeera On NCDEX Settled Down -0.39% At 17705

Jeera on NCDEX settled down -0.39% at 17705 as the muted export demand is keeping the prices under pressure as supplies are good. The jeera arrival in May is lower this year compared to last year.

As per 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 29.6% to 1,08,513 tonnes in first 11 month of marketing year 2016/17 as per the data release by Dept of commerce, GOI.

The stock levels in the NCDEX warehouse is dropping to 1281 tonnes on May 31, fall from 1785 tonnes a week ago. Last year, stocks were higher at 3,897 tonnes. At Unjha market in Mehsana , arrivals were reported at 5000 quintals, lower by 5000 quintals from previous day’s arrivals. At Patan market in Patan(Guj.), estimated market supply was at 30 quintals, higher by 2 quintals from previous trading day.

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