EPIC RESEARCH NCDEX JEERA UPDATE OF 9 JANUARY 2017

Jeera trading range for the day is 16445-17405. Jeera prices ended with gains amid rising demand from the stockists and traders at the spot market. However upside seen limited 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. In Unjha, a key spot market in Gujarat, jeera edged up by 50 rupees to end at 18346.45 rupee per 100 kg.

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