EPIC RESEARCH NCDEX UPDATE OF JEERA 31 JANUARY 2017

Jeera trading range for the day is 17385-17835. Jeera prices ended with losses on account of subdued demand from local parties at the spot market. Jeera output in India may fall by 12 per cent to 387,000 tonnes during 2016-17 due to lower acreage and adverse weather conditions. Gujarat has reported a fall in area under the crop by six per cent to 278,700 hectares in 2016-17, from 295,200 hectares in 2015-16. In Unjha, a key spot market in Gujarat, jeera edged down by -141.65 Rupees to end at 18525 Rupees per 100 kg. 

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