Wednesday, March 2, 2016

Commodity overview: Jeera ends low as demand went down 2 Mar, 2016

Jeera prices ends low by 1.18 per-cent on yesterday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a rush in the supply from the producing areas in the midst of a decline in the export requirement. Click for Commodity tips

Jeera futures for March 2016 contract ended at Rs. 13,815 per quintal, down by 1.18 per-cent, after opening at Rs. 13,950 against the previous ending price of Rs. 13,980. It attained the intra-day low of Rs. 13,770.

World wide outcome of Jeera is nearly 2.2 lakh MT per year, of which India produces around 1.5 lakh MT per year.

India exports Jeera especially to the countries - US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Besides this, other Major exporters are Syria & Turkey.