Benchmark Unjha mandi of Jeera were quoted bearish in the beginning of the week but bounce back was witnessed on Saturday due to improved buying by the market participants.

Jeera futures traded bearish in the beginning of the week and touched a low of Rs.13,165/qtl but bounced from the lows and ended positively on Saturday.

Demand from the overseas and domestic buyers is expected in the coming days.

According to the market sources jeera stocks currently are projected to be lower at around 14 lakh bags as compared to 16-17 lakh bags in the same period previous year. (each bag weighs 55 kgs).

Exports of Jeera during April to July 2010 stood at 13,500 tonnes as compared to 16,720 in the same period previous year.

Jeera stocks in the NCDEX warehouse, stood at 6286 tonne as on 03rd September, 2010.

Courtesy: Angel Commodities

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