Agri Tips : Jeera Closed Lower Due To Weak Demand

Agri Tips : On Friday, Jeera prices closed lower by 1.28 % at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing areas in the midst of a decrease in the export requirement. At the NCDEX, July 2015 contract of jeera futures closed at Rs. 15,825 per quintal, down by 1.28 %, after opening at Rs. 16,005 against the preceding closing price of Rs. 16,030. It touched the intra-day low of Rs. 15,800.

Worldwide output of Jeera is around 2.2 lakh MT yearly, of which India manufactures about 1.5 lakh MTyearly. Jeera is exported by India mainly to the US, Singapore, UK, Japan, UAE, Bangladesh, Brazil & other countries. Besides this, Major exporters are Turkey and Syria .