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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.


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