NCDEX Jeera For Aug Delivery Closed Lower

NCDEX Jeera for Aug delivery closed lower on profit booking at higher levels. However, market participants initiated fresh buying in the previous trading session amid improving physical demand on reports lower arrivals in Gujarat due to heavy rains.

As per Agmarknet, jeera arrival during first 25 days of July recorded only 2,993 tonnes compared to 7,166 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. In 2016/17, country exports increase by 26% to 1.24 lt in as per the data release by Dept. of commerce, GOI.

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