India jeera ends up on exports, dip in acreage
MUMBAI, Nov 19 (Reuters) - India jeera futures ended up on Thursday as robust export demand and a delay in sowing supported sentiment, analysts said.
Jeera exports in September nearly tripled to 6,000 tonnes from the same period a year ago as leading global producers Syria and Turkey continue to quote at a premium to Indian prices.
"Indian jeera is very competitive in the international market," said an analyst with India Infoline Ltd.
A delayed start to jeera sowing this season is also supporting prices, they said.
A prolonged hot and dry spell has delayed the sowing of cumin, or jeera, slashing acreage 25-30 percent from last year, but traders and analysts said the deficit could narrow if conditions improve. [nBOM487298]
Spot jeera rose by over 125 rupees to end at 13,498.25 rupees per 100 kg in Unjha, a major trading hub in Gujarat.
Following are the closing prices of jeera futures in rupees per 100 kg on the National Commodity and Derivatives Exchange Ltd. <0#NJE:>
Contract Reuters code Price Change in %
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