Breaking News

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

31-Aug2016

Jeera futures trade lower on subdued demand

Jeera futures traded lower on NCDEX due to subdued demand at the spot market. Though, expectation of fall in jeera output this year, compared to last year due to hot weather and lower acreage in the producing belts of Rajasthan, capped some losses.

The contract for September delivery was trading at Rs 17715.00, down by 0.62% or Rs 110.00 from its previous closing of Rs 17825.00.The open interest of the contract stood at 13857 lots.

The contract for October delivery was trading at Rs 17870.00, down by 0.67% or Rs 120.00 from its previous closing of Rs 17990.00. The open interest of the contract stood at 8892 lots on NCDEX.


Related News

View all news

Jeera futures trade lower on profit booking

Jeera futures traded lower on NCDEX, due to profit booking by participants after the prices peaked counting on improving physical domestic and exports demands from China and Bangladesh. Moreover, anticipation......

Jeera futures trade higher on firm demand

Jeera futures traded higher on NCDEX, due to scanty rainfall in producing centres of Gujarat and Rajasthan, which might impact cumin production this year. Moreover, firm spot demand from domestic......

Jeera futures trade up on NCDEX

Jeera futures traded up on NCDEX, due to concerns on impact of overall output amid water shortage in producing centres of Gujarat and Rajasthan. Besides, pick-up in demand from domestic and exports markets......

Top News

View all news

Atishay bags two work orders for preparation of Urdu Photo Electoral rolls

Atishay has received the work order from the Office of the Collector & District Election Officer, District-Bhopal (MP) for Preparation of Urdu Photo Electoral rolls, as per Election Commission......

Jindal Poly Films to incorporate wholly owned subsidiary

Jindal Poly Films will incorporate wholly owned subsidiary Company i.e. J. and D. Speciality Films. The Board of Directors of the company at their meeting held on November 12, 2018, took note of the same.Jindal......

Bannari Amman Spinning Mills to promote wholly owned subsidiary

Bannari Amman Spinning Mills has received an approval to promote a wholly owned subsidiary to carry out the new line of allied activities in future. The Board of Directors of the company at their meeting......