Friday 15 February 2019

EPIC RESEARCH NCDEX Jeera UPDATE OF 15 February 2019


Jeera trading range for the day is 15385-15995.

* Jeera gained on short covering after prices dropped on account of reports of progress in harvesting activities in the main producing regions.

* Though state government has projected a decline in jeera crop in Gujarat due to lower acreage.

* In the 2nd advance estimate, cumin production in Gujarat is forecasted doen by 25% on year at 2.23 lakh tonnes for 2018/19 crop.

* In Unjha, a key spot market in Gujarat, jeera edged up by 139.85 Rupees to end at 16735.7 Rupees per 100 kg.

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