NCDEX Jeera For Aug Delivery Contract Closed

NCDEX Jeera for Aug delivery contract closed higher on Short covering on Thursday as market participants are moving to far month contract. Near month August delivery contract is now attracting additional pre-expiry margins. Far month Sep delivery contract has seen some fresh buying yesterday. 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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