NCDEX Jeera For Aug Delivery Closed Higher



NCDEX Jeera for Aug delivery closed higher on Monday as market participants’ short cover their position in the near month contracts and initiated fresh buying positions in far month contract. Moreover,, improving physical demand on reports lower arrivals in Gujarat due to heavy rains keeping the prices supported .

As per Agmarknet, jeera arrival during in July dropped to 3,668 tonnes as compared to June arrival data. In June, arrival record at 8,072 tonnes. 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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