NCDEX Jeera For July Delivery Closed Higher On Wednesday



NCDEX Jeera for July delivery closed higher on Wednesday as market participants cover their short positions and took new position in the far month contract. Open Interest drop by 162 lots of 3 tonnes each for the near month contract and increase by 456 lots in far month contract. 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.

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