Due To Great Demand Distress, Jeera Ends Lower

Mcx Ncdex Tips - On Friday, Jeera prices ended lower by 0.16 per cent  at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing regions in the midst of a decline in the export demand. 

Mcx Ncdex Tips

At the NCDEX,  August 2015 contract for jeera futures closed at Rs. 15,635 per quintal, down by 0.16 % cent, after opening at Rs. 15,600 against its preceding closing price of Rs. 15,660. It gains the intra-day low of Rs. 15,460.

World-wide output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year. India exports Jeera mainly to the US, Japan, UK, Brazil, UAE, Bangladesh, Singapore and many other countries. Besides this, other Major exporters are Syria and Turkey.