"jeera closes higher on increased holdings'

Jeera prices closed higher by 0.74 per cent on Monday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors increased their holdings in the commodity in the midst limited arrivals from growing Areas. At the NCDEX, jeera futures for 07/ 2015 contract closed at Rs. 16,280 per quintal, up by 0.74 per cent, after opening at Rs. 16,275 against the previous closing price of Rs. 16,160. It touched the intra-day high of Rs. 16,375 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 yield about 1.5 lakh MT per year. India exports Jeera mainly to the Uk, Us, UAE, Bangladesh, Singapore, Japan, , Brazil and many other countries. Other Major exporters are turkey and Syria. 

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