EPIC RESEARCH NCDEX UPDATE OF JEERA 9 FEBRUARY 2017

Jeera trading range for the day is 17125-17585. Jeera gained on short covering after prices dropped as spot prices started to go down as new season jeera arrived in market. New jeera crop started arriving in the key spot market of Unjha in Gujarat. There is a forecast of fall in jeera production by 12 % to 387,000 tonnes during 2016-17 due to lower acreage In Unjha, a key spot market in Gujarat, jeera edged down by -41.65 Rupees to end at 18125 Rupees per 100 kg. 

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