Export buying lends flavour to jeera

Jeera prices on futures market improved on fresh export inquiries, though spot jeera was stable.

According to market sources, upcountry and Bangladesh demand continued.

Trading activities are slow due to announcement of results to the Gujarat Assembly Elections.

A trader said that fresh inquiries are coming from Bangladesh for the Indian origin jeera.

Export demand should rise in the coming days as supplies from Syria and Turkey are negligible in the global market.

According to markets sources, about 75 per cent of the export target has been achieved due to a supply crunch in the global markets.

Higher stocks for delivery on the exchange warehouses may pressurize prices.

Source:-www.thehindubusinessline.com