NCDEX Jeera For Aug Delivery Surge For Third Consecutive Day

NCDEX Jeera for Aug delivery surge for third consecutive day on Friday to closed at new high for the contract as market participants initiated fresh buying due to lower than expected stocks levels in the country. As per Agmarknet, jeera arrival during first fifteen days of July recorded only 524.5 tonnes compared to 3922 tonnes and 4148 tonnes in previous two fortnights in June. 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.

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