Agri Commodity Tips: Jeera prices closed lower by 1.48 per cent on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the bearing regions in the midst of a decline in the export demand. At the NCDEX, jeera expected for September 2015 contract closed at Rs. 15,680 per quintal, down by 1.48 per cent, after opening at Rs. 15,990 against the previous closing price of Rs. 15,915. It touched the intra-day low of Rs. 15,660.
Global output of Jeera is around 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
India trade Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
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