Jeera on NCDEX settled down -0.99% at 17425 on profit booking after prices gained due to dwindling supplies and tight stocks. In 2016- 17, the output of jeera is seen falling in other major producers Syria and Turkey to 10,000 ton and 12,000 ton respectively from 15,000 ton and 17,000 ton in 2015-16, report added. As per market source, India is likely to export 40,000- 45,000 ton more jeera in coming months. As per fourth advance estimate of Gujarat State for 2015-16, jeera production is pegged at 238,000 ton as against 197,000 ton a year ago.

However, it is much lower than 2013-14 output when the state produced 346,000 ton jeera. According Department of commerce data, the exports of Jeera in the first three months (Apr-Jun) of 2016-17 is at 44,023 tonnes, higher by 71.7% compared to last year same time.For more Information Visit Us:- ripplesadvisory.com/free-trial.php and miss call -9827808090.

                                     As per 4thadvance estimate of Gujarat State for 2015-16, production is pegged at 2.38 lt compared to 1.97 lt in 2014-15. In 2013-14, production was 3.46 lt. Technically market is under fresh selling as market has witnessed gain in open interest by 2.85% to settled at 16659 while prices down -175 rupee, now Jeera is getting support at 17300 and below same could see a test of 17175 level, And resistance is now likely to be seen at 17600, a move above could see prices testing 17775.