Jeera on NCDEX settled down -3.58% at 19270 due to fall in demand at the spot market. Pressure also seen on expectation of higher acreage during the upcoming sowing season which will start from October. Though, some losses were capped due to loss of stored jeera by heavy rains in Gujarat. Acreages may rise on expectation of favourable moisture level as Indian Meteorological Department expects rain fall in Gujarat and Saurashtra regions until September 1.

Trading Ideas:

* Jeera trading range for the day is 18655-20345.

* Jeera prices ended with losses due to fall in demand at the spot market.

* Pressure also seen on expectation of higher acreage during the upcoming sowing season which will start from October.

* NCDEX accredited warehouses jeera stocks gained by 15 tonnes to 2598 tonnes.

* In Unjha, a key spot market in Gujarat, jeera edged down by -136.7 Rupees to end at 19486.65 Rupees per 100 kg.

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