EPIC RESEARCH NCDEX JEERA UPDATE OF 5 JANUARY 2017

Jeera trading range for the day is 16505-16995. Jeera prices dropped on expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year. Sowing has been good so far and weather conditions are also favorable for jeera crop. As all is going well as exporters are not buying in large quantities but are waiting for the new crop. In Unjha, a key spot market in Gujarat, jeera edged down by -17.25 rupees to end at 18323.35 rupee per 100 kg.

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