EPIC RESEARCH NCDEX JEERA UPDATE OF 18 MAY 2015

NCDEX Jeera June contract was trading up by 0.81% to 17400 levels on Monday(11.17am). Jeera prices at NCDEX touched all time high of 18700 last month on the back of concerns over lower acreage. Rising export demand amidst falling arrivals in the mandis and lower production reports kept supporting prices.

Firmness in Dollar vs Re further aided the export front. An expected 25-30% lower sowing area is already keeping prices firm. Exports are rising and expected to rise further in coming weeks.

Latest report from Spice Board of India indicates pickup in exports during April-Dec 2014 period at 1.28 lakh tonnes up 28% during same period previous year. Targeted Export for 2014-15 period is 1,00,000 tonnes.


The exports have already shot up 40% during the 1st half of the quarter. It is expected to remain high in coming months too – which could create a Bullish sentiment in the long term for the commodity.


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