live Jeera Market News

Jeera on NCDEX settled up by 0.55% at 18325 on expectation of pickup in export demand at the spot market. Further, tight stocks position on lower supplies from producing regions too fuelled the uptrend. According to Dept of Commerce, the exports of Jeera in the first two month of 2016–17 increased by more than 82.5% at 33,908 tonnes compared to last year same time.

As per the trade sources, India’s jeera exports rose nearly 25% to around 50,000 tonnes in Apr-Jul from 40,000 tn in the year-ago period due to good demand from China and Bangladesh. China imported 1,500–1,700 tn jeera in last 15 days.

As per 4thadvance estimate of Gujarat State for 2015–16, production is pegged at 2.38 lt compared to 1.97 lt in 2014–15. In 2013–14, production was 3.46 lt. There is good demand from China and other countries and may support the prices. In the next few months, the prices will depend on export demand.

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