Jeera futures closed lower on Tuesday on profit booking and slowdown in demand in physical market at higher levels. Earlier, pickup in physical demand and expecting dwindling supplies in the physical market pushed the prices close to higher levels in one month. NCDEX Nov’16 Jeera closed 0.52% down to close at Rs 17,315 per quintal.There are reports of dwindling stocks with the traders, which may support prices however, good sowing prospects for jeera in Gujarat and Rajasthan may pressure the prices as the sowing season commenced next month. According to the trade sources, jeera exports may have raise by 29% to 58,000 tonnes in Apr-Aug compared to last year figure of 45,000 tonnes..According Department of commerce data, the exports of Jeera in the first four months (Apr-Jun) of 2016-17 is at 51,904 tonnes, higher by 61.5% compared to last year same time.
For more information and accurate
MCX Tips,
NCDEX Tips ✆ – 0731-6642300
Connect with our social media sites
No comments:
Post a Comment