Jeera On NCDEX Settled Up By 1.86% At 18935



Jeera on NCDEX settled up by 1.86% at 18935 on restricted inflow due to end of season and depleted stocks because of lower output. Traders are expecting pickup in export demand in coming days due to lack of supplies from other Producers-Turkey and Syria- which may give a boost to prices. Lower stocks in the producing centers due to weak output and low carryover stocks may support prices. Reports of lower output of jeera during 2016-17 may also boost the prices.

Output of jeera in Gujarat during 2016-17 is estimated lower at 212,000 ton due to fall in acreage, Gujarat Agriculture ministry data showed. India' jeera exports during 2016-17 jumped by 22% to 119,000 ton from 97,790 ton a year ago. At Rajkot market in Rajkot(Guj.), arrivals were reported at 350 quintal, up by 50 quintal as compared to previous day. At Patan market in Patan(Guj.), total arrivals are at 2 quintals, down by 10 quintals as against previous day.

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