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27-Feb2019

Jeera futures trade lower on weak demand

Jeera futures traded lower on NCDEX, on account of weakness in spot demand as new season jeera crop is hitting the market. However, expectation of lower cumin production in Gujarat, trimmed some losses.

The contract for March delivery was trading at Rs 15435.00, lower by 0.26% or Rs 40.00 from its previous closing of Rs 15475.00. The open interest of the contract stood at 2148 lots.

The contract for April delivery was trading at Rs 15145.00, down by 0.33% or Rs 50.00 from its previous closing of Rs 15195.00. The open interest of the contract stood at 2973 lots on NCDEX.


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