EPIC RESEARCH NCDEX UPDATE OF JEERA 3 April 2017

• April futures closed lower last week basically on profit booking as demand from physical market slowed down.
  
•  Exchange will impose a 5 per cent additional margin on all running as well as yetto-be-launched futures contracts of jeera, on both buy and sell positions.
•  The arrivals have been good during the second half of current month compared to last month same period. 
• As per Agmarknet data, during second half of March about 23,379 tonnes of jeera arrived compared to 20,042 during first half. 
• Market participants are expecting good exports demand in coming months. 
• As per second advance estimates for 2016/17, production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. 

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