Tuesday, August 04, 2015

EPIC RESEARCH NCDEX JEERA UPDATE OF 04 AUGUST 2015

Jeera trading range for the day is 15170-15690.

Jeera prices gained on late short covering after prices dropped as rains in Gujarat and Rajasthan pressurized the market sentiments.

There is a possibility of arriving Jeera from Syria and Turkey in the world market from August, which may be negative for jeera export from India.

NCDEX accredited warehouses jeera stocks dropped by 346 tonnes to 16622 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 123.25 rupees to end at 16264.7 rupee per 100 kg.

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