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01-Dec2017

Jeera futures trade in red on subdued demand

Jeera futures traded lower on NCDEX on muted spot demand and as speculators trimmed their positions to book profits at prevailing levels. The commodity prices also dragged down on reports that good sowing conditions in Rajasthan and Gujarat promises strong jeera production in the current year amid current firm supplying belts.

The contract for December delivery was trading at Rs 21470, down by 1.42 % or Rs 310.00 from its previous closing of Rs 21780.00. The open interest of the contract stood at 13029 lots.

The contract for January delivery was trading at Rs 21370.00, down by 1.16 % or Rs 250.00 from its previous closing of Rs 21620.00. The open interest of the contract stood at 2979 lots on NCDEX


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