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India jeera ends up on exports, dip in acreage.


Date: 20-11-2009
Subject: 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.

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.

Source : REUTERS

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