Jeera on NCDEX settled up by 1.13% at 17390 on expectation of good export demand at the spot market. Further, lower output from the producing regions too fuelled the uptrend. Moreover, sowing in Rajasthan is reported to be lower by 15-20% also supported jeera pries. Reports showed that the sowing of Jeera in Gujarat is pegged at 278,000 hectare as against 295,000 hectare a year ago. The arrivals of jeera in Gujarat is improving so as the demand. Around 3,044 tonnes of jeera arrived during Feb 13-17 compared to 1,957 tonnes in the previous week. As per second advance estimates for 2016/17, production of Jeera in Gujarat will be 2.21 lt, down almost 11% compared to last year production of 2.38 lt. In the current rabi season, Gujarat farmers have planted jeera in 2,78,700 hectares, down by 16,700 hectares compared to last year acreage of 2,95,400 hectares till same period. On the export front, Jeera exports in India are likely to rise 22% to 120,000 tonnes in 2016-17 (Apr- Mar), compared with shipments of 98,700 tonnes a year ago, because of robust demand from overseas market and negligible stocks in other exporting nations. Current year new Jeera crop enter to the market in Porbandar and Junagarh regions, 2016-17 Jeera area reported in Porbandar around 12100 hectares and in Junagarh 5300 hectares. Sources revealed that, around 250 - 300 bags coming daily basis from last one week. In Unjha, a key spot market in Gujarat, jeera edged up by 112.5 Rupees to end at 17887.5 Rupees per 100 kg. Technically now Jeera is getting support at 17225 and below same could see a test of 17065 level, And resistance is now likely to be seen at 17540, a move above could see prices testing 17695.

Trading Ideas:

# Jeera trading range for the day is 17065-17695.

# Jeera prices gained on expectation of good export demand at the spot market.

# Moreover, sowing in Rajasthan is reported to be lower by 15-20% also supported jeera prices.

# Reports showed that the sowing of Jeera in Gujarat is pegged at 278,000 hectare as against 295,000 hectare a year ago.

# In Unjha, a key spot market in Gujarat, jeera edged up by 112.5 Rupees to end at 17887.5 Rupees per 100 kg.