Jeera futures continue its decline on Wednesday due to further profit booking at higher levels by the market participants on reports of good sowing progress in Gujarat and Rajasthan. However, tight supplies and fresh export enquiries kept the spot prices steady. NCDEX Dec’16 Jeera closed 1.18% down to close at Rs 18,370 per quintal. Jeera sowing in Gujarat and Rajasthan have started. As on 28-Nov-16, Gujarat farmers have planted jeera in 1,41,100 hectares, up by 122.5% compared to last year acreage. The stock position in NCDEX warehouse is at lower level compared to last year stocks. As on 29- Nov-2016, new Jeera stock position at NCDEX approved warehouses in Jodhpur and Unjha is totaled at 141 tonnes while it was 219 tonnes last week. Last year stocks were about 5,633 tonnes.
For
MCX Tips NCDEX Tips ✆ – 0731-6642300
No comments:
Post a Comment