Jeera Futures Corrected From 5 Month High



NCDEX Jul Jeera futures corrected from 5 month high mainly due to profit booking by the market participants. Cumin futures have jumped 16% this month from the lows and more than 27% this 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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