NCDEX Jeera For Aug Delivery Contract Closed Lower

NCDEX Jeera for Aug delivery contract closed lower on Wednesday on profit boking tracking weak physical demand. Yesterday, market participants’ liquidating their long positions in the near month contracts and initiated fresh selling positions in far month contract. 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, in May 2017, exports are down 35.8% to 13,605 tonnes compared to 21,188 tonnes exported during last May. Moreover, Jeera exports during first five months in 2017 is 5039 tonnes, up 9.7% compared to last year exports volume for the same period.

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