Thursday 26 September 2019

Jeera Gained On Short Covering After Prices Dropped Amid Hopes

Jeera trading range for the day is 16350-17370.

Jeera gained on short covering after prices dropped amid hopes of higher sowing in coming season and comfortable stocks. 

Further upside seen limited due to anticipation of a rise in arrivals in coming weeks before the start of new season in October.

As per data arrivals of jeera in Gujarat is about 22,200 tn compared to 12,000 tn last year same period.

In Unjha, a key spot market in Gujarat, jeera edged down by -1.65 Rupees to end at 17021.45 Rupees per 100 kg.

For more information +91- 6232578593 or visit www.moneymarketmanthan.com

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