Jeera on NCDEX settled down -1.09% at 18520 on the account of limited demand by stockiets.However, from the last few days, the countries like China and Bangladesh have reported strong demand of Indian jeera in local mandies.

The export demand may pickup due to good demand from China and other countries, as stock levels have been lower. According to Dept of Commerce, the exports of Jeera in the first two month of 2016-17 increased by more than 82.5% at 33,908 tonnes compared to last year same time.

Exporters reported active in the domestic market. Export demand reported as compared to last year in the spot market due to good quality supply. During the week period Jeera export reports 2348 tonnes.

Trading Ideas:

Jeera trading range for the day is 18155-19095.

Jeera prices ended with losses on the account of limited demand by stockiets.

However, from the last few days, the countries like China and Bangladesh have reported strong demand of Indian jeera in local mandies.

NCDEX accredited warehouses jeera stocks dropped by 54 tonnes to 6088 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 5.55 rupees to end at 19205.55 rupee per 100 kg.

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