Jeera under long liquidation; Support seen at 16970

Jeera trading range for the day is 16770-17880.
–Jeera dropped due to surplus supplies in the physical market while sowing is expected to rise this year.
–Cumin acreage improves in Gujarat on reports of providing water in canal for irrigation for rabi crop by govt of Gujarat.
–NCDEX accredited warehouses jeera stocks dropped by 31 tonnes to 1423 tonnes.
–In Unjha, a key spot market in Gujarat, jeera edged down by 428 Rupees to end at 18308.35 Rupees per 100 kg.

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