EPIC RESEARCH NCDEX UPDATE OF JEERA 2 FEBRUARY 2018

• Jeera trading range for the day is 16280-16800.
  
• Jeera prices recovered on short covering after prices dropped due to lower domestic and export demand amid rising arrivals of new crop supplies.
• Jeera output is estimated to be higher due to sharp increase in acreage on the back of attractive prices at the time of sowing.
• NCDEX accredited warehouses jeera stocks dropped by 6 tonnes to 10523 tonnes.
• In Unjha, a key spot market in Gujarat, jeera edged up by 37.5 Rupees to end at 19750 Rupees per 100 kg.

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