Friday 6 September 2019

Jeera Gained On Short Covering After Prices Dropped Due To Sufficient Availability

Jeera trading range for the day is 16895-17235.

Jeera gained on short covering after prices dropped due to sufficient availability in the physical market despite steady export demand.

Further, upside seen limited because of high moisture content in the spice, due to rainfall in the key producing areas of Gujarat. Arrivals of jeera in Gujarat is about 22,200 tn during 1-25 Aug compared to 12,000 tn last year same period.

In Unjha, a key spot market in Gujarat, jeera remains unchanged at0 Rupees to end at 17330 Rupees per 100 kg.

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