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24-Aug2018

Jeera futures trade modestly lower on profit booking

Jeera futures traded modestly lower on NCDEX, due to profit booking by participants tracking improved rains in the central Gujarat which is major Jeera producing area. As per reports, in August cumin prices have slipped more than 4 % from its high on concern about exports at higher levels.

The contract for September delivery was trading at Rs 19400.00, down by 1.20% or Rs 235.00 from its previous closing of Rs 19635.00. The open interest of the contract stood at 7101 lots.

The contract for October delivery was trading at Rs 19685.00, down by 1.23% or Rs 245.00 from its previous closing of Rs 19930.00. The open interest of the contract stood at 2061 lots on NCDEX.


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