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11-Mar2019

Jeera futures trade higher on lower output

Jeera futures traded higher on NCDEX, on the back of increased buying by market players as a result of lower output amid lower acreage in Gujarat. Though, sluggish demand in the physical market, trimmed some gains.

The contract for March delivery was trading at Rs 15945.00, up by 1.46% or Rs 230.00 from its previous closing of Rs 15715.00. The open interest of the contract stood at 456 lots.

The contract for April delivery was trading at Rs 15475.00, gain by 1.01% or Rs 155.00 from its previous closing of Rs 15320.00. The open interest of the contract stood at 3978 lots on NCDEX.


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