Breaking News

You are here » Indian-Commodity  :  Commodities  :  Jeera  :  Jeera futures trade moderately lower on profit booking

01-Nov2018

Jeera futures trade moderately lower on profit booking

Jeera futures traded moderately lower on NCDEX, due to profit booking by market players after it rose to highest in 2018. As per reports, Jeera exports (both in seed and powdered form) down 20% on year in August 2018 to 11,324 tonnes against 14,283 August 2017. However, anticipation of decline in production amid current high temperature climate, capped the down side.

The contract for November delivery was trading at Rs 20430.00, down by 0.78% or Rs 160.00 from its previous closing of Rs 20590.00. The open interest of the contract stood at 4302 lots.

The contract for December delivery was trading at Rs 20815.00, down by 0.79% or Rs 165.00 from its previous closing of Rs 20980.00. The open interest of the contract stood at 3399 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,......