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16-Jan2019

Jeera futures trade higher on lower arrivals

Jeera futures traded higher on NCDEX, with concern that cumin yields may dip in coming season amid reports of deficient rainfall in key producing region of Gujarat like Saurashtra and Kutch. As per reports, jeera sowing in Gujarat dipped to 345,443 hectare from 382,599 hectare in the similar period a year ago. Moreover, shortage of cumin arrivals in spot market fuelled the uptrend.

The contract for January delivery was trading at Rs 18030.00, up by 0.84% or Rs 150.00 from its previous closing of Rs 17880.00. The open interest of the contract stood at 543 lots.

The contract for March delivery was trading at Rs 17155.00, up by 0.41% or Rs 70.00 from its previous closing of Rs 17085.00. The open interest of the contract stood at 2769 lots on NCDEX.



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