April futures closed lower last week basically on profit booking as demand from physical market slowed down. Exchange will impose a 5% additional margin on all running as well as yetto-be-launched futures contracts of jeera, on both buy and sell positions. The arrivals have been good during the second half of current month compared to last month same period. As per Agmarknet data, during second half of March about 23,379 tonnes of jeera arrived compared to 20,042 during first half. Market participants are expecting good exports demand in coming months. As per second advance estimates for 2016/17, production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt.

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