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18-May2018

Jeera futures trade lower on weak demand

Jeera futures traded lower on NCDEX, as market participants narrowed their bets tracking weak demand. However, some losses remained capped on report that India's jeera exports were up by 30% on current year to 9,512 tonnes compared to 7,325 tonnes last year.

The contract for May delivery was trading at Rs 16320 .00, down by 0.18% or Rs 30.00 from its previous closing of Rs 16350.00. The open interest of the contract stood at 1188 lots.

The contract for June delivery was trading at Rs 15950.00, down by 0.44% or Rs 70.00 from its previous closing of Rs 16020.00. The open interest of the contract stood at 5241 lots on NCDEX.


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