Benchmark Unjha prices of Jeera were quoted at lower rates due to improved arrivals and lesser offtakes. Arrivals increased to 27-28 thousand bags.

Prices at the futures traded in sideways to down manner in the beginning of the session and hit the lower circuit of 2% and ended the day negatively on Wednesday.

Demand from overseas as well as domestic buyers have reduced but are expected in the coming days.

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 6144 mt as on 17th March, 2010. Spread between March and April contract is at 820.

Courtesy: Angel Commodities

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