Jeera on NCDEX settled up by 0.73% at 16505 due to some fresh export enquiries at the spot market. However upside seen limited due to improving supplies from the producing belts. Trade sources expect increased demand on fears of crop damage because of the recent unseasonal rains. Market players are still expecting some more export enquiries on reports of good quality jeera production this year but the demand is still lower. As per the final rabi sowing report, Gujarat has planted more cumin compared to last year sowing progress.
Jeera is planted in about 10.8% more area at 2,95,400 hectares compared to 2,66,700 hectares last year same time. As per second advance estimate of Gujarat State for 2015-16, production is pegged at 2.11 lt higher by about 7% forecasted in revised fourth advance estimate of 1.97 lt. In 2013-14, production was 3.46 lt. According to Dept of Commerce data, the export of jeera during first 11 month of 2015-16 (Apr-Jan) is 71,983 tonnes compared to 1.37 lt exported last year same period.

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