Though, expectation of bumper sowing in Gujarat due to good rains during last week of September, capped some gains.
As per Department of commerce data, exports from India in first four months of FY 2015-16 is 31,419 MT.
As per latest spice board press release, cumin export is stood at 155,500 tonnes for 2014-15 period and earned foreign exchange worth Rs 1,838.20 crore while in 2013- 14, the figures stood at 121,500 tonnes valued at Rs 1,600 crore.
Trading Ideas:
Jeera trading range for the day is 16020-16420.
Jeera prices gained on account of good domestic demand at the spot market ahead of festival season.
Though, expectation of bumper sowing in Gujarat due to good rains during last week of September, capped some gains.
NCDEX accredited warehouses jeera stocks gained by 51 tonnes to 5864 tonnes.
In Unjha, a key spot market in Gujarat, jeera edged up by 61.2 rupees to end at 16464.55 rupee per 100 kg.
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Very helpful content about jeera market for all the people who is involved in trading.
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