Jeera prices extended gains on week end due to fresh buying support. The active contract December NCDEX gained over 1 percent and ended above Rs13000 levels. Despite steady spot markets, the futures got support from firmness in other spices futures. The spot prices at Unjha remained steady around Rs12200 per quintal.
Outlook Market is closely watching the progress of sowing activities in Gujarat and Rajasthan
Despite delay in sowing schedule, it is picking up well due to favorable weather conditions in these two states
As per market sources, the area is expected to increase by 150-20 percent in 2009-10
Jeera futures are likely to move up further on firm spot markets
Courtesy: JRG Wealth Management Want to get Futures prices on your mobile? Click here
