On Saturday, 11,000 bags reached the Unjha market, the main delivery centre, whereas the offtake was around 15,000 bags. Export enquiries are on the rise and demand from the Delhi wholesale market is also scaling up, according to market sources.
On the National Commodity and Derivatives Exchange (NCDEX), jeera May futures opened strong last week and closed on Saturday at Rs 11,090 a quintal against the previous week's close of Rs 10,699, up 3.65 per cent.
According to commodity analysts, the spice may trade from range-bound to firm. They see Rs 11,465 a quintal as the immediate resistance and Rs 10,474 a quintal as the support level. The country's overall output for the current season is estimated at above 20 lakh bags.
Next week, arrivals are expected to slip below 10,000 bags a day.
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