Jeera Futures Surged Higher On Wednesday



NCDEX Jul Jeera futures surged higher on Wednesday on fresh buying initiated by the market participants on reports of good exports demand. Cumin futures have jumped 21% or Rs. 2,990 from it low levels in March. According to export data released by commerce ministry, Jeera recorded its highest monthly exports of 33,458 tonnes in March while in April the exports were 74% higher on year at 25,900 tonnes. During FY 2017/18, country exported about 1,60,479 tonnes of jeera, up by 24.5% on year. Jeera arrivals during 1-15 Jun are pegged at 7,780 tonnes compared to 5,055 tonnes last year for same period.

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