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25-Oct2018

Jeera futures trade higher on production concerns

Jeera futures traded higher on NCDEX, as market players indulged in widening of their positions counting on improved physical domestic and export demands. Moreover, the report that the prevailing water crisis may trim down cumin sowing by about 25% from last year's 7.80 lakh ha, also fuelled the up-ward trend.

The contract for November delivery was trading at Rs 19855.00, up by 0.28% or Rs 55.00 from its previous closing of Rs 19800.00. The open interest of the contract stood at 6282 lots.

The contract for December delivery was trading at Rs 20200.00, up by 0.35% or Rs 70.00 from its previous closing of Rs 20130.00. The open interest of the contract stood at 1947 lots on NCDEX.


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