Breaking News

You are here » Indian-Commodity  :  Commodities  :  Jeera  :  Jeera futures trade lower on NCDEX

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.


Related News

View all news

Jeera futures trade lower on higher output

Jeera futures traded lower on NCDEX, with liquidation of bets by traders due to higher output of crop. Moreover, lower export demand in the physical market fuelled the downtrend.The contract for March......

Jeera futures trade higher on NCDEX

Jeera futures traded higher on NCDEX, on short covering after prices dropped on account of reports of progress in harvesting activities in the main producing regions of Gujarat and Rajasthan. Though, slowing......

Jeera futures trade higher on NCDEX

Jeera futures traded higher on NCDEX, on short covering after prices dropped on account of reports of progress in harvesting activities in the main producing regions of Gujarat and Rajasthan. Though, slowing......

Top News

View all news

Kridhan Infra's arm bags order worth $36 Million

Kridhan Infra's (KIL) Singapore subsidiary -- KH Foges has bagged a new order in Singapore worth $36 Million (Rs 187 Crore). The subsidiary has been contracted to execute Piling Works & Earthworks......

Bharti Airtel upgrades 4G network in Mumbai

Bharti Airtel has upgraded 4G network in Mumbai, with the deployment of 'LTE 900 technology' that will enhance indoor network coverage and improve network experience for customers.With the roll-out of......

Refex Industries to raise Rs 25 crore via Rights Issue

Refex Industries has received approval to raise of funds by way of offer and issue of Equity Shares to the Members of the Company on Rights Issue at such price and rights entitlement ratio for an amount......