EPIC RESEARCH NCDEX UPDATE OF JEERA 19 JANUARY 2017

Jeera trading range for the day is 17350-17790. Jeera prices ended with losses on profit booking after prices gained due to weak supplies position amid good demand from exporters. Expectation of increase in Jeera area in Gujarat state mainly in Saurashtra and Kutch zone current year also weighed on prices. As per Gujarat Govt. sowing data current year Jeera sowing completed around 256800 hectares. In Unjha, a key spot market in Gujarat, jeera edged up by 29.35 rupees to end at 18577.1 rupee per 100 kg. 

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