Jun Jeera Futures Closed Little Lower

NCDEX Jun Jeera futures closed little lower for the second successive day on Wednesday on profit booking after it touch three months high on Monday tracking some improvement in physical demand. Jeera prices have surged 12.5% or Rs. 1815 per quintal in the current quarter (Apr-Jun) due to progress in export 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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