Jeera prices closed lower by 1.34 per cent on Thursday 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. At the NCDEX, jeera futures for Oct 2015 contract closed at Rs. 16,200 per quintal, down by 1.34 per cent, after opening at Rs. 16,270 against the previous closing price of Rs. 16,420. It touched the intra-day low of Rs. 16,075.
Global output of Jeera is around 2.2 lkh MT/ year, of which India produces about 1.5 lkh MT / year.
India exports Jeera mainly to the US,Bangladesh, UK,Singapore. UAE, Japan, Brazil, , and many other countries. Other Major exporters are Syria and Turkey. Read More - Jeera News
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