Jeera on NCDEX settled up by 1.59% at 18165 due to weak output in Gujarat amid tight stocks and good export demand. Jeera output in Gujarat, the largest producing state, may fall 11% to 212,000 tonne during 2016-17 following lower acreage and adverse weather conditions, according to state agriculture department data. Last year, Gujarat produced 238,000 tonnes jeera. During 2016-17 jeera acreage declined to 278,000 hectares from 292,000 hectares a year ago, data showed. Jeera output per hectare is projected at 761 kg per down from 833 kg a year ago. Above normal temperature impacted the yield jeera yield. Jeera acreage in Gujarat was marginally down at 279,000 hectare but adverse weather pulled down yield to 761 kg from 833 kg per hectare a year ago, data showed. India imported around 2,550 ton jeera during Apr-Oct as against negligible in the previous year. India's jeera exports are likely to rise 30% to 88,000 ton during Apr-Dec, because of robust demand from overseas market and negligible stocks in other exporting nations. At Gondal(Guj.) market in Rajkot(Guj.), sources reported arrivals at 800 quintals, higher by 100 quintals as compared to previous day. At Rajkot market in Rajkot(Guj.), estimated market supply was at 125 quintal, lower by 10 quintal from previous day’s arrivals. At Unjha market in Mehsana estimated market supply was at 2000 quintals, up by 1000 quintals from previous trading day. In Unjha, a key spot market in Gujarat, jeera edged up by 241.7 rupees to end at 18833.35 rupee per 100 kg. Technically now Jeera is getting support at 17940 and below same could see a test of 17710 level, And resistance is now likely to be seen at 18295, a move above could see prices testing 18420.

Trading Ideas:

# Jeera trading range for the day is 17710-18420.

# Jeera prices ended with gains due to weak output in Gujarat amid tight stocks and good export demand.

# Jeera output in Gujarat may fall 11% to 212,000 tonne during 2016-17 following lower acreage and adverse weather conditions.

# Jeera output per hectare is projected at 761 kg per down from 833 kg a year ago.

# In Unjha, a key spot market in Gujarat, jeera edged up by 241.7 rupees to end at 18833.35 rupees per 100 kg.