Jul Jeera Futures Closed Lower On Monday

NCDEX Jul Jeera futures closed lower on Monday due to profit booking initiated by the market participants. Jeera arrivals during 1-15 Jun are pegged at 7,780 tonnes compared to 5,055 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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