Free MCX Tips: Jeera prices closed lower by 1.2% on Tuesday at the National Commodity & Derivatives Exchange Limited (NCDEX) on account of a surge in the supply from the producing sector in the midst of a decline in the export demand. At the NCDEX, jeera futures for October 2015 contract closed at Rs. 15,640 per quintal, down by 1.2 per cent, after opening at Rs. 15,790 against the previous closing price of Rs. 15,830. It touched the intra-day low of Rs. 15,510.
Global output of Jeera is near 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
India exports Jeera mainly to the US, UK, UAE, Japan, Brazil, Bangladesh, Singapore and many other countries. Other Major exporters are Syria and Turkey.
Global output of Jeera is near 2.2 lakh MT per year, of which India produces about 1.5 lakh MT per year.
India exports 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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