Jun Jeera Futures Closed Higher Last

NCDEX Jun Jeera futures closed higher last week due to short covering and tracking some improvement in physical demand at current levels. Jeera prices have surged 10.50% or Rs. 1525 per quintal in the current quarter (Apr-Jun) due to improvement in physical demand after prices were trading at 2 year lows in March. As per government data, Jeera exports during first 11 months of FY 2017/18 (Apr-Feb) is 124,394 tonnes, up 13.6% compared to last year exports volume for the same period. India's jeera exports in February were up by 30% on year to 9,512 tonnes compared to 7,325 tonnes last year.

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