NCDEX Jeera For Aug Delivery Closed Lower



NCDEX Jeera for Aug delivery closed lower last week on technical selling and profit booking despite 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.

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