The NCDEX Jeera futures slumped today as lack of buying at higher levels clubbed with rising supplies in ready markets weighed on sentiments. The arrivals normally tend to pick up from February onwards and stays on an upward trajectory in next two-three months. Markets are also looking at escalating global geopolitical scenario as it might affect the exports of the commodity which are already showing a weak trend. The domestic Jeera exports declined by 24% year-on-year to 1.74 lakh tonnes in April-December from 2.30 lakh tonnes in the previous year. The NCDEX Jeera futures are trading at Rs 21495 per quintal, down 2.20% on the day.
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