Jeera Futures Jump Higher On Tuesday

Jul Jeera futures jump higher on Tuesday due to short covering by the market participants. Heavy arrivals of jeera in physical market are keeping the prices sideways. Jeera arrivals during May are pegged at 21,713 tonnes compared to 11,000 tonnes last year for same month. According to export data released by government, Jeera recorded its highest monthly exports of 33,458 tonnes in March. During FY 2017/18, country exported about 1,60,479 tonnes of jeera, up by 24.5% on year.

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