EPIC RESEARCH NCDEX UPDATE OF JEERA 2 MAY 2019

• Jeera trading range for the day is 16705-17305.
  
• Jeera dropped on profit booking after prices gained due to the increase in the export demand.
• Cumin seed production in Syria and Turkey is estimated to decline, Syria production is estimated around 25,000 tonnes this year
• Production of Jeera in Gujarat in 2018-19 is expected to be lower by about 25 percent to 2.23 lakh MT compared to last year’s.
• In Unjha, a key spot market in Gujarat, jeera edged down by -181.75 Rupees to end at 16961.1 Rupees per 100 kg.

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