Jeera On NCDEX Settled Up By 1.01% At 18520



Jeera on NCDEX settled up by 1.01% at 18520 supported by increased buying by retailers and stockists at the spot market. Further, tight stocks position following restricted supplies from the producing regions also added support to jeera prices uptrend. 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 1,304 tonnes from 1,187 tonnes on Jun 30. Last year, stocks were higher at 3,482 tonnes. Last year, stocks were higher at 3,482 tonnes. At Jodhpur(Raj.) market in Jodhpur, total arrivals are at 100 quintals, lower by 200 quintals from previous trading day. 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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