Jeera
prices closed lower by 1.09 per cent on Wednesday at the National
Commodity & Derivatives Exchange Limited (NCDEX) on account of a
surge in the supply from the producing regions in the midst of a decline
in the export demand. At the NCDEX, jeera futures for June 2016
contract closed at Rs. 15,950 per quintal, down by 1.09 per cent, after
opening at Rs. 16,100 against the previous closing price of Rs. 16,125.
It touched the intra-day low of Rs. 15,870. Global output of Jeera is
around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT
per year. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil,
Bangladesh, Singapore and many other countries. Other Major exporters
are Syria and Turkey.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Thursday, May 26, 2016
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