Jeera On NCDEX Settled Down By -0.36% At 19180



Jeera on NCDEX settled down by -0.36% at 19180 amid weak physical demand at higher prices. As per data, jeera arrival during first 20 days of July recorded only 2,396 tonnes compared to 5,872 tonnes in June for the same time period. As per the data release by government, jeera exports in April 2017 was 14,599 tonnes, were down 9% from March. n 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.

Chinese crop has been lower than expected. But next week, we will see whether buyers are willing to take jeera from India at the current price levels. Even now, we have to pay higher price in the local market to get sufficient load for export. Turkey is offering cumin at $2,900 per tonne, which is $100 less than the Indian price, though the quantity on offer is much lower than that offered by India, which continues to be a major cumin supplier to the world market.

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