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25-Jan2019

Jeera futures trade lower on NCDEX

Jeera futures traded lower on NCDEX, on account of declining export demand as importers are waiting for new season crop. However, reports of deficient rainfall in key producing region of Gujarat like Saurashtra and Kutch, capped the downside momentum.

The contract for March delivery was trading at Rs 16300.00, lower by 0.85% or Rs 140.00 from its previous closing of Rs 16440.00. The open interest of the contract stood at 2913 lots.

The contract for April delivery was trading at Rs  16225 .00, down by 0.15% or Rs 25.00 from its previous closing of Rs 16250.00. The open interest of the contract stood at 921 lots on NCDEX.


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