Thursday, March 17, 2016

EPIC RESEARCH NCDEX JEERA UPDATE OF 17 MARCH 2016


Jeera trading range for the day is 14530-14870.
Jeera prices ended with losses on profit booking amid lack of export demand.
However downside seen limited on concerns over lower output due to jeera flower dropping in some areas in north Gujarat.
As per second advance estimate of Gujarat for 2015-16 jeera production is pegged at 211,000 ton up from 197,000 a year ago.
In Unjha, a key spot market in Gujarat, jeera edged up by 58.35 rupees to end at 15083.35 rupee per 100 kg.

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