Jul Jeera Futures Closed Higher On Wednesday



NCDEX Jul Jeera futures closed higher on Wednesday mainly due to fresh buying initiated by the market participants. Heavy arrivals of jeera in physical market are keeping the prices 16,400 levels. Jeera arrivals during 1-10 Jun are pegged at 6,795 tonnes compared to 3,619 tonnes last year for same period. For the new season, the cumin futures have jumped 12.8% or Rs. 1,860 in the current quarter (Apr-Jun). 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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