NCDEX Jeera For Aug delivery

NCDEX Jeera for Aug delivery surge for second consecutive day on Thursday as market participants initiated fresh buying due to lower than expected stocks levels in the country. Moreover, lower physical arrivals too support prices. 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 1,313 tonnes as on July 10 from 1,187 tonnes on Jun 30. Last year, stocks were higher at 3,482 tonnes.

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