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07-Jan2019

Jeera futures trade lower on rise in arrivals

Jeera futures traded lower on NCDEX, with liquidation of bets by market participants as well as increased arrivals at spot markets. Moreover, estimates of good crops in coming season amid promised irrigation facilities by the Gujarat government fuelled the uptrend.

The contract for January delivery was trading at Rs 17260.00, down by 0.34% or Rs 60.00 from its previous closing of Rs 17530.00. The open interest of the contract stood at 2295 lots.

The contract for March delivery was trading at Rs 17175 .00, down by 0.49% or Rs 85.00 from its previous closing of Rs 17260.00. The open interest of the contract stood at 2043 lots on NCDEX.


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