EPIC RESEARCH NCDEX JEERA UPDATE OF 18 JANUARY 2018

Jeera trading range for the day is 16500-16950.Jeera prices ended with losses on increased supply amid good progress of jeera sowing in Gujarat. Pressure also seen as output is expected to be higher in the wake of increased sowing in both the producing states-Gujarat and Rajasthan. NCDEX accredited warehouses jeera stocks dropped by 140 tonnes to 10205 tonnes. In Unjha, a key spot market in Gujarat, jeera edged down by -146.4 Rupees to end at 20689.3 Rupees per 100 kg.

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