Jeera prices closed higher by 0.84 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing regions.
At the NCDEX, jeera futures for March 2016 contract closed at Rs. 15,080 per quintal, up by 0.84 per cent, after opening at Rs. 14,885 against the previous closing price of Rs. 14,955. It touched the intra-day high of Rs. 15,215.
Sentiment improved further as a result of reduced domestic supplies in the physical markets and some export enquiries. Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
MarketMagnify Is a leading Commodity Advisory Company In India.We are Providing MCX TIPS ,BULLIONS TIPS , INTRADAY TIPS on mobile with 90-95% accuracy level
At the NCDEX, jeera futures for March 2016 contract closed at Rs. 15,080 per quintal, up by 0.84 per cent, after opening at Rs. 14,885 against the previous closing price of Rs. 14,955. It touched the intra-day high of Rs. 15,215. 
Epic Research recommends that Jeera prices dropped amid profit booking due to decline in the export demand at the spot market. For more update traders can visit our blog.
ReplyDelete