EPIC RESEARCH NCDEX JEERA UPDATE OF 21 April 2017

Jeera trading range for the day is 19075-19735. Jeera dropped on late profit booking after prices seen supported amid rising domestic and export demand. As per third advance estimates for 2016/17, production of Jeera in Gujarat revised down to 2.12 lt, down 4% from its 2nd estimates. NCDEX accredited warehouses jeera stocks gained by 21 tonnes to 894 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -60.25 Rupees to end at 19021.9 Rupees per 100 kg.

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