EPIC RESEARCH NCDEX JEERA UPDATE OF 09 AUGUST 2017

Jeera trading range for the day is 19195-19755. Jeera dropped tracking weakness in spot demand after prices gained on reports lower arrivals in Gujarat on expectation of damage to stored jeera. 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 57 tonnes to 2440 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -150.9 Rupees to end at 19309.1 Rupees per 100 kg.

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