EPIC RESEARCH NCDEX JEERA UPDATE OF 15 MAY 2017

Jeera trading range for the day is 18315-18835. Jeera prices dropped tracking weakness in spot demand as supplies are expected to improve in the major physical market.Sources estimate India’s jeera crop output will be around 2.5 lakh tonnes, lower than the 3.75 to 5 lakh-tonne estimated. NCDEX accredited warehouses jeera stocks gained by 54 tonnes to 2512 tonnes.In Unjha, a key spot market in Gujarat, jeera edged up by 183.3 Rupees to end at 18716.65 Rupees per 100 kg.

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