Ripples Advisory Jeera Market Update

Jeera trading range for the day is 16635-17575.Jeera on NCDEX settled up by 1.56% at 17220 on expectation of rising domestic as well as export demand at the spot market. At higher levels buyers reported inactive in the spot market. Current year sowing area reported up in Gujarat also reported ontime sowing due to favourable weather. Traders see India Apr-Dec jeera exports up 30% on year at 88,000 tn India's jeera exports are likely to rise 30% to 88,000 tn in Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations, exporters said. 

                                       The country had exported 67,300 tn of the commodity in the same period last year, according to Spices Board India. Traders pegged jeera exports in November at 8,000-10,000 tn, and in December at around 5,000 tn. Indian-origin jeera is being sold at around $2,450-$2,550 per tn, free on board, in international markets.

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 At Jodhpur (Raj.) market in Jodhpur, arrivals were reported at 150 quintals, up by 25 quintals from previous day’s arrivals. At New Delhi market sources reported arrivals at 4000 quintals, up by 3000 quintals from previous day’s arrivals.

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