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Jeera falls on higher arrivals

Jeera prices in the domestic mandi at Unjha were quoted at slightly lower rates due to improved arrivals. Arrivals increased to 28000 bags.

Prices at the futures traded in sideways to up manner since the beginning of the session and touched a high of 12250 and settled positively on Tuesday.

Demand from overseas remains to be lackluster however buying from local stockists is present in good quantity.

Sowing of Jeera in Syria and Turkey have commenced from end of February and will continue till mid of March. Jeera stocks in the NCDEX warehouse stood at 4390 mt as on 08th March,2010. Spread between March and April contract is at 447.

Courtesy: Angel Commodities

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MCX IRONORE 29 February 2012 contract was trading at Rs 6401 . What's your view on it?
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