Jul Jeera Futures Surged Higher On Monday



NCDEX Jul Jeera futures surged higher on Monday supported by reports of higher exports and restricted supplies in the physical market. Cumin futures have jumped 6% this month from the lows. 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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