Jeera March future closed lower tracking weak spot prices due to higher arrivals. There are expectations of increase in export demand at slightly lower levels. Market participants continue to short sell and rolling over their positions to April contracts. The arrivals of Jeera in Gujarat are improving so as the demand. As per Agmarknet data, during Feb 27- Mar 4 about 9,901 tonnes of jeera arrived compared to 6,273 tonnes in the previous week. On the export front, Jeera exports from country increase by 26.9% to 1.33 lt for the calendar year 2016 while the exports increase by 36.7% to 93,724 tonnes in first 9 month of marketing year 2016/17 as per the data release by Dept of commerce, GOI.
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