Jeera Futures Closed Unchanged

NCDEX Aug Jeera futures closed unchanged on Wednesday at higher levels. It is currently trading at 4 months high on anticipation of good exports demand. Cumin futures have jumped 16% this month from the lows and more than 27% last quarter starting April supported by anticipation of higher exports from China and Bangladesh due to restricted supplies from Syria. 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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