Breaking News

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

22-Feb2019

Jeera futures trade lower on weak demand

Jeera futures traded lower on NCDEX tracking weakness in spot demand as new season jeera is expected to hit the market soon. However, a decline in crop in Gujarat due to lower acreage, capped some losses.

The contract for March delivery was trading at Rs 15355.00, lower by 0.74% or Rs 115.00 from its previous closing of Rs 15470.00. The open interest of the contract stood at 2319 lots.

The contract for April delivery was trading at Rs 15090.00, down 0.85% or Rs 130.00 from its previous closing of Rs 15220.00. The open interest of the contract stood at 2613 lots on NCDEX.


Related News

View all news

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Jeera futures trade lower on higher supplies

Jeera futures traded lower on NCDEX as speculators reduced exposure on account of ample stocks following higher supplies from the producing regions. However, firm physical and export demand from the bulk......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......