Friday, February 5, 2016

Ncdex Jeera closes high 5 Feb, 2016

Ncdex Jeera prices ended high by 1 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions.

At the NCDEX, March 2016 contract  for jeera futures closed at 13,685 rs per quintal, up by 1 per cent, after unlocking at Rs. 13,680 against the previous ending price of Rs. 13,550. It attained the intra-day high of 13,890.

Sentiment improved further as a result of decreased local supplies in the physical markets and some export enquiries.

World wide output of Jeera is near 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the UK, US, UAE, Japan, Brazil, Bangladesh, Singapore and other countries. Besides this, other major exporters are Syria & Turkey.

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