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29-Nov2018

Jeera futures trade moderately lower on rise in acreage

Jeera futures traded moderately lower on NCDEX, due to liquidation of position by market participants on expectation that the acreage may increase later on assure of irrigation to Gujarat farmers. However, firm demand from domestic and export markets trimmed downside.

The contract for December delivery was trading at Rs 19225.00, down by 0.77% or Rs 150.00 from its previous closing of Rs 19375.00. The open interest of the contract stood at 3678 lots.

The contract for January delivery was trading at Rs 19470.00, down by 0.84% or Rs 165.00 from its previous closing of Rs 19635.00. The open interest of the contract stood at 1578 lots on NCDEX.



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