Jeera settled up 1.43% at 11680 tracking firmness in spot demand on concerns about production. In Delhi sources reported arrivals at 8000 quintals, steady as against previous day's arrival. In Jodhpur estimated market supply was at 700 quintals, unchanged as compared to previous day's arrival. In Unjha total arrivals are at 8000 quintals, lower by 2000 quintals from previous day's arrivals. In Rajkot arrivals were reported at 650 quintals, higher by 37 quintals from previous day's arrivals.

In Mehsana total arrivals are at 8000 quintals, lower by 2000 quintals from previous day's arrivals. Area under jeera in Gujarat was reported at 455,000 ha as against 335,200 ha last year while about 390,000 ha were sown in Rajasthan. Geo-political tensions in Syria and Turkey have led to a supply crunch in the global markets raising supply concerns from the two major exporting countries. Export orders are diverted to India. Production is also expected to fall in Syria and Turkey due to crop failure. Moreover, regular Export demand kept trend slight firm for Jeera as arrivals remained low.

Any further pickup in Exports in coming days (as expected) could perk up prices. As per market sources, the export demand of jeera in local mandies has reported some weakness at current levels on the account of fresh supplies from Syria and Turkey in international market. Technically market is under fresh buying as market has witnessed gain in open interest by 17.89% to settled at 7452 while prices up 165 rupee, now Jeera is getting support at 11533 and below same could see a test of 11387 level, And resistance is now likely to be seen at 11803, a move above could see prices testing 11927.

Trading Ideas:

Jeera trading range for the day is 11387-11927.

Jeera prices ended with gains tracking firmness in spot demand on concerns about production.

In Mehsana total arrivals are at 8000 quintals, lower by 2000 quintals from previous day's arrivals.

NCDEX accredited warehouses jeera stocks dropped by 140 tonnes to 1447 tonnes.

In Unjha, a key spot market in Gujarat, jeera edged up by 119.1 rupees to end at 11546.9 rupee per 100 kg.