Last Updated : March 15, 2010 13:25
Jeera rises on improved arrivals, offtakes
Benchmark Unjha prices of
Jeera were quoted at higher rates due to improved arrivals and offtakes. Arrivals increased to 27-28 thousand bags.
Prices at the futures traded in sideways to up manner in the beginning of the session on account of short coverings but declined towards the end and settled negatively on Saturday.
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 5225 mt as on 12th March, 2010. Spread between March and April contract is at 481.
Courtesy: Angel Commodities
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