Breaking News

You are here » Indian-Commodity  :  Commodities  :  Jeera  :  Jeera futures decline on favourable climate conditions

21-Sep2018

Jeera futures decline on favourable climate conditions

Jeera futures declined on NCDEX, due to liquidation of bets at prevailing high price levels counting on improved rains in the central Gujarat major Jeera producing area. However, improved physical and export demand failed to provide any momentum.

The contract for October delivery was trading at Rs 19420.00, down by 0.92% or Rs 180.00 from its previous closing of Rs 19600.00. The open interest of the contract stood at 7413 lots.

The contract for November delivery was trading at Rs 19630.00, down by 0.96% or Rs 190.00 from its previous closing of Rs 19820.00. The open interest of the contract stood at 1278 lots on NCDEX.


Related News

View all news

Jeera futures edge tad higher on NCDEX

Jeera futures edged tad higher on NCDEX, due to increased demand from stockists and retailers in midst of the anticipation that cumin production might decline because of prevailing water crisis......

Jeera futures trade bearish on profit taking

Jeera futures traded bearish on NCDEX, with the profit booking by investors after the cumin prices rose due to firm physical domestic and exports demands from China and Bangladesh coupled......

Jeera futures surge on production concern

Jeera futures surged on NCDEX, due to technical buying by stockists and retailers amid expectations of lower production with the scanty rains in the cumin producing districts of Gujarat. Moreover, steady......

Top News

View all news

Hatsun Agro Product envisaging plans to set up dairy plant in Odisha

Hatsun Agro Product is envisaging plans to set up a dairy plant in the State of Odisha considering an attractive proposition for investment offered by the State of Odisha and has submitted 'Investment......

Tata Motors to launch new versions Tiago JPT, Tigor JPT: Report

Tata Motors is reportedly planning to launch two new versions of the car, namely, Tata Tiago JPT and Tata Tigor JPT, on October 26, 2018. In design, both cars look similar to their previous models Tiago......

Hero MotoCorp launches new Destini 125 scooter

Hero MotoCorp has launched the new Destini 125 scooter. The powerful Destini 125 aims to fortify the company's presence in the fast-growing 125cc scooter segment.The new Destini 125 will be available from......