EPIC RESEARCH NCDEX JEERA UPDATE OF 18 JULY 2017

Jeera trading range for the day is 19380-20390. Jeera dropped on profit booking after prices gained on supply concern and hopes for fresh export demand in view of weak supplies in global markets. India may get fresh orders as there are reports of limited stocks in other producing countries. NCDEX accredited warehouses jeera stocks gained by 66 tonnes to 1532 tonnes. In Unjha, a key spot market in Gujarat, jeera edged up by 64.3 Rupees to end at 19521.45 Rupees per 100 kg.

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