On NCDEX settled down by -1.57% at 18460 tracking weakness in spot demand amid continued profit booking. Though, some losses were capped as the jeera arrival is lower this year compared to last year. Moreover, exports demand is increasing while the stocks in the Exchange warehouse are diminishing. Exports demand has been good throughout the season. The jeera arrival in May is lower this year compared to last year. 

As per data, about 10,688 tonnes of jeera arrived in May 2017 compared to 14,302 May last year. On the export front, country the exports increase by 26% to 1.24 lt in 2016/17 as per the data release by Dept. of commerce, GOI. The stock levels in the NCDEX warehouse as on Jun 20 were 1,217 tonnes which has been constant in June.

Trading Ideas:

* Jeera trading range for the day is 18100-18580.

* Jeera prices dropped tracking weakness in spot demand amid continued profit booking.

* Though, exports demand is increasing while the stocks in the Exchange warehouse are diminishing.

* NCDEX accredited warehouses jeera stocks gained by 18 tonnes to 1235 tonnes.

* In Unjha, a key spot market in Gujarat, jeera edged down by -84.6 Rupees to end at 18492.3 Rupees per 100 kg.

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