Jeera On NCDEX Settled Down By -0.86% At 18520



Jeera on NCDEX settled down by -0.86% at 18520 amid fresh buying on lower than expected stocks levels in the country. The jeera arrival in June is lower this year compared to May as well as June last year. As per the data release by government, jeera exports in April 2017 was 14,599 tonnes, were down 9% from March. In 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.

The stock levels in the NCDEX warehouse increased to 1,310 tonnes as on July 7 from 1,187 tonnes on Jun 30. Last year, stocks were higher at 3,482 tonnes. 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. Lower carryover stock coupled with higher export demand may push up jeera prices, as traders fear tight supply conditions in the coming months.

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