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12-Oct2018

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 physical domestic and exports demands from China and Bangladesh also fuelled the uptrend.

The contract for October delivery was trading at Rs 19900.00, up by 1.74% or Rs 340.00 from its previous closing of Rs 19560.00. The open interest of the contract stood at 1374 lots.

The contract for November delivery was trading at Rs 19755.00, up by 1.39% or Rs 270.00 from its previous closing of Rs 19485.00. The open interest of the contract stood at 5985 lots on NCDEX.


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