Commodity Updates - Jeera prices closed lower by 0.66 per cent on Tuesday 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, upcoming zeera for Decr 2015 contract closed at Rs. 15,710 per quintal, down by 0.66 per cent, after Starting at Rs. 15,800 against the closing price of Rs. 15,815. It touched the intra-day low of Rs. 15,625.
Global o/p of Jeera is around 2.2 lk 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,, Singapore and many other countries. Other Major exporters are Syria and Turkey, Bangladesh.
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