Jeera closes higher on reduced supplies
04/02/2015 09:12
Jeera prices closed higher by 1.25 per cent on Tuesday 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 February 2015 contract closed at Rs. 14,970 per quintal, up by 1.25 per cent, after opening at Rs. 14,800 against the previous closing price of Rs. 14,785. It touched the intra-day high of Rs. 15,020.
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. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
04/02/2015 09:12
Jeera prices closed higher by 1.25 per cent on Tuesday 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 February 2015 contract closed at Rs. 14,970 per quintal, up by 1.25 per cent, after opening at Rs. 14,800 against the previous closing price of Rs. 14,785. It touched the intra-day high of Rs. 15,020.
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. India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
