commodity updates - Jeera prices closed higher by 0.42 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the investors Hike up their holdings in the commodity in the midst limited arrivals from growing regions. At the NCDEX, jeera futures for Novr 2015 contract end at Rs. 15,600 per quintal, up by 0.42 per cent, after opening at Rs. 15,575 against the previous closing price of Rs. 15,535. It touched the intra-day high of Rs. 15,660.
Sentiment improved further as a result of less domestic supplies in the physical markets and some export enquiries.
Global output of Jeera is around 2.2 lh MT per year, of which India produces about 1.5 lh MT per year. India exports Jeera mainly to the US,Singapore, UK,Bangladesh, UAE, Japan, Brazil, , and many other countries. Other Major exporters are Syria and Turkey.
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